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To: IceShark who wrote (21890)10/16/1998 11:41:00 AM
From: e. boolean  Read Replies (3) | Respond to of 164684
 
The only large trades I've seen so far this am have been a half-dozen 25k trades at or above ask -- and the stock has drops right after each one goes through.

I was also watching it hang at 100 with only a few hundred shares a minute (what normal retail interest level would be?), then the 25k block came through as the DJIA trend was broken, and IT dropped.

e.b.



To: IceShark who wrote (21890)10/16/1998 12:07:00 PM
From: Glenn D. Rudolph  Read Replies (3) | Respond to of 164684
 
Something darn strange was going on during the last 1/2 hour. Tons of sales were going
off at the bid of 100 to 1/16 and hardly any buys, yet the stock was glued to 100. I'm still
trying to figure out that one. I see it finally broke, but I would sure would like to know
what was going on.


That was true at 100 and is true now. Something is holding this up and it is not "real" buyers.

Glenn


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