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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (53884)9/25/1998 9:38:00 PM
From: Investor2  Read Replies (1) | Respond to of 58727
 
To All:

Can anyone of you very smart people help me with a problem? I'm trying to figure out what happened to MTSN on Wednesday. A huge trade, compared to the average daily volume took place at a price about 15% lower than trades just before and just after.

quote.yahoo.com

When I asked about it on the MTSN thread, someone volunteered the following:

"I just happened to be watching quote.com Wednesday afternoon. I saw the trade go by. 196,000 shares @ 2 29/32. 15:07:20 EDT. I took the time to write it down, because I thought it was most unusual. Now, on quote.com, it shows up as a "filtered" trade. Can anyone speculate as to what went on?"

Any help out there???

Thanks,

I2




To: donald sew who wrote (53884)10/2/1998 1:32:00 AM
From: HiSpeed  Read Replies (2) | Respond to of 58727
 
<HiSpeed,

I also the the upside trendline at around 8250, close enough. The highest resistance I have is 8350, before I would need to change my position somewhat. Still in a trading range.>

Don, in hindsight the market did top out around 8250 on the 28-29th! We made a good call!
( Message 5841915 )

Where do we go from here? Looks like there is strong support around 7470 +/-50....if that breaks I do not see another support level.

If we could get a strong down day on high volume as a shakeout I think that would be a good entry point -- for a trade anyway. JMO

FWIW Another pattern I see: bigcharts.com (but change time frame to 3 months)
involves a trading range for the first third of Aug (starting 2-3rd day) which breaks to the down side a few days before the 1st of Sept. Then we have another trading range (rising wedge?) that slowly ticks up for all of Sept and breaks to the down side Oct 1st.