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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Rick Faurot who wrote (1825)	11/7/1998 10:25:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 7382

ross suggested on using pacific.net as the isp.

To: Rick Faurot who wrote (1825)	11/8/1998 1:43:00 PM
From: Nazbuster	Read Replies (2) \| Respond to of 7382

If you see a lot of depth on the bid and sparseness on the ask and the prints are going off at the bid or lower, something very weird is going on. Sometimes a stock's downward momentum will carry beyond where it really should, considering the market may be rebounding strong. This is a solid buy opportunity. I got stung on ASND near the close on Friday with this very picture. I bought, but had to bail out for a loss. That's what prompted my query about everyone's way of interpreting the L2. There was a huge lineup on the bid, but the trades were firing off furiously at bid. The bidders slowly dropped in price, but the pace never quit. There was a continuous large lineup of buyers. You can see that almost all the gain on Friday was wiped out in a furious drop. I was scratching my head trying to understand what the L2 and T&S were telling me and how I can recognize that all that buyer lineup was not a sign of strength, at least certainly not enough to stem the tide of selling. They even came back for more, but the price kept dropping. Was there a huge seller and ALL the MMs knew it and showed up on bid to attract buyers (falsely) by accepting small trades then dropping in price in order to stay showing on bid? Was this one massive community head-fake? Or were all the MMs simply WRONG and ate a big loss by buying on the way down? SOMEONE was buying during the free-fall.... why? Anyone else watching ASND at the close on Friday?