To: Joe Copia who wrote (7642 ) 9/1/1998 12:27:00 AM From: Author51 Read Replies (1) | Respond to of 25711
Joe, what's your take on this.............Thanx To: +Psychopop (288 ) From: +Psychopop Monday, Aug 31 1998 11:11PM ET Reply # of 289 USTI.......Buyout rumor........... Psychopop Posted by Psychopop on August 31, 1998 at 20:07:44: This is what I was told today..........By a broker friend who heard the Unisys rumors of USTI buyout........Friday's trading was a classic shakeout attempt.......A Daytrading group attempting to force the price down prior to the runnup they believe would be precipitated by the buyout rumors, and "flip" the stock back up.......However they had poor timing and were caught with their pants down......Still managing a small profit, though not what they expected.........If you look at the trading after the 120K MM trade which was "borrowed" to cover the massive volume.......You will see the stock rose steadily......and has continued ever since......Closing up 16% today.........Posted below is trading after the MM move..... osted by Psychopop on August 28, 1998 at 15:55:27: 0.0300 20,000 Fri 08/28/1998 03:55:30 PM 0.0250 20,000 Fri 08/28/1998 02:43:10 PM 0.0250 25,000 Fri 08/28/1998 02:41:10 PM 0.0250 25,000 Fri 08/28/1998 02:41:10 PM 0.0300 10,000 Fri 08/28/1998 01:14:00 PM 0.0300 4,700 Fri 08/28/1998 01:04:00 PM 0.0300 5,000 Fri 08/28/1998 12:58:00 PM 0.0300 20,000 Fri 08/28/1998 12:50:00 PM 0.0300 20,000 Fri 08/28/1998 12:44:40 PM 0.0300 13,000 Fri 08/28/1998 12:40:20 PM 0.0250 5,000 Fri 08/28/1998 12:08:10 PM 0.0250 5,000 Fri 08/28/1998 12:07:00 PM 0.0250 25,000 Fri 08/28/1998 12:04:20 PM 0.0250 50,000 Fri 08/28/1998 12:01:30 PM 0.0250 25,000 Fri 08/28/1998 12:00:00 PM 0.0250 15,000 Fri 08/28/1998 11:51:10 AM 0.0250 5,000 Fri 08/28/1998 11:49:40 AM 0.0250 10,000 Fri 08/28/1998 11:48:20 AM 0.0250 30,000 Fri 08/28/1998 11:39:50 AM 0.0250 10,000 Fri 08/28/1998 11:31:40 AM 0.0250 10,000 Fri 08/28/1998 11:31:30 AM 0.0250 20,000 Fri 08/28/1998 11:11:50 AM 0.0250 20,000 Fri 08/28/1998 11:07:10 AM 0.0250 10,000 Fri 08/28/1998 11:06:40 AM 0.0250 4,500 Fri 08/28/1998 10:53:20 AM 0.0250 5,000 Fri 08/28/1998 10:17:00 AM 0.0250 5,000 Fri 08/28/1998 10:16:10 AM 0.0250 40,000 Fri 08/28/1998 10:07:00 AM 0.0150 132,800 Fri 08/28/1998 09:54:30 AM According to the info. as I heard it today.......The Stock of the month club was NOT correct in their $2.25 per share offer figure.........But may in fact be right re: the buyout........The figure mentioned was $1.25 per share NOT $2.25........I want to state this is still a rumor, and by now who heard what from who, is a little difficult to figure out........If I get any more, I'll post ASAP.........Peace ------ Previous