Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: lib who wrote (21083)	8/31/1998 5:51:00 PM
From: joe	Respond to of 45548

>>I've noticed several times today that an order has been placed well below both the bid and ask. Case in point:<< lib, I couldn't understand the rest, but I've seen what you're talking about in both directions actually. Sometimes, the price paid is higher than bid and ask. Could be some hugh block trade went to fast, or some of these very large block trades are probably prearranged by the Market Makers. These are just my guesses. It usually see it with very large volatility. When this happens, sometimes I will put a limit order to sell a good bit over the ask, and I notice I'll get hit pretty easily. I could sense the price was flying all over the place, or maybe the Market Makers were somehow collecting whatever they could get to lump them into a trade that was still profitable for them. One of these days, I'll have to learn the backroom mechanics of all that stuff. Sometimes, the price paid is lower. Maybe some huge blocks wanted out bad. >>I've also noticed that beginning last tuesday, a large number of shares - avg. 15,000happened to fall as the last trade of the day. This occurred tues., wed., thurs., and fri. (look at the trading log) Another sign of accumulation? Or accumulative shares that have somewhere along the line fallen out the box during the trading day?<< Yes, I've noticed this too. I think it's hard to tell exactly what's going on. Could be somebody was waiting till the last minute to sell to get his price, didn't get it, then took what ever he could get. Or somebody trying to control the price from spiking upward at the end of the day. I do believe that Market Makers do have control of prices during some periods of time, not all.