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Technology Stocks : Barringer technology (barr) -- Ignore unavailable to you. Want to Upgrade?

To: LJ who wrote (593)	9/1/1998 10:16:00 AM
From: Jon Tara	Respond to of 652

Very interesting market action this past few days, and particularly today. While the price languishes, the money flow is creeping up, and in fact is well above half-scale. One could clearly see this at a micro level this morning, as the market makers have dropped bids and offers down to a 6 1/8 bid (the recent low), yet almost every single trade (and all of the big ones) have been at the offer! Very, very strange action. Not sure what to make of it. I suppose it's tempting to say "the MMs are taking it down", but I never beleive that. Can anybody suggest a more rational explanation for this price action, particularly the disparity between the bid/ask and the trades? Could it be the company's buyback in action? That is, perhaps the MMs do have shares to sell (customer orders?), but knowing that the company is buying-back stock, instead of selling it agressively they simply drop the offer, and wait for the company to come in and buy it? That might explain why most of the sales are occuring at the offer.