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To: Steve Porter who wrote (24832)11/19/1998 12:40:00 AM
From: joe  Respond to of 45548
 


Steve,

>> 62.5% normal people<<

If true, then there are a lot of traders back in.

>> block trades can also be block sells.<<

Then it could mean:

1) institutions are trading blocks for their benefit (options play)

2) MMs are trading large blocks for institutions (options play)

If both of your statements are true, then could be:

1) MMs are managing small lots with their's or other institutions
big blocks (options play or accumulation ploy) and we will see pullback to consolidate.

If both of your statemnts are false, then:

1) Low float which just got owned by lots more long-term keepers
will result in $40+ price very soon with not much downside.

joe