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Technology Stocks : Primestar/TCI Satellite (TSATA) -- Ignore unavailable to you. Want to Upgrade?

To: JDCFA who wrote (94)	10/1/1998 8:32:00 AM
From: Goodboy	Read Replies (1) \| Respond to of 442

Market makers couldn't handle the three blocks of 75,000 - 75,000 and 50,000. They kept taking the market down and the seller kept hitting. They had to be flat in the name by end of quarter. When I figured out what was happening, I but in an order as it traded below $2. I got filled at 2 11/32. Gotta love Nasdaq. This trading helps you understand the pressure on the stock. There have been many value players who got in for the deal and approval. They orginal sellers brought this down to $3.50 before it recovered to the $5 area. You have had a new group of sellers in hear and the most obvious buyers of the stock (sat guys, media guys and litigation hawks) were already in it and got burned. When you run 500 million or 2 billion, you can afford t blow out 1 to 4 million shares of TSATA just to get it off your P & L and quote screen. THERE WILL BE A DEAL and eveyone on the Street will say, wow, look how much it is trading for per sub. Then we will see $10. Then wave good bye.