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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?


To: Jon Tara who wrote (12825)11/18/1998 10:38:00 PM
From: Fred Fahmy  Read Replies (2) | Respond to of 13925
 
<In particular, note the trade of 66,500 shares at the bid of 14>

Wouldn't a 66.5 block trade at the bid indicate a purchase by a market maker from a seller? I would think if CREAF bought a 66.5 block it would be from a market maker at the ask.

If/when CREAF is buying, I assume that they would want to buy more when the price is cheap. Today's total volume was anemic. I would think they would start buying heavy and decrease volume with time as the price goes up, not the other way around. If they only average about 100k a day for the rest of the year they will soak up less that 3 million shares.

Oh well, the saga continues....and what about the press release they said they would issue once they got final approval??

FF