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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?


To: Anaxagoras who wrote (4559)12/16/1998 4:12:00 PM
From: Wayners  Read Replies (1) | Respond to of 8307
 
Yea I saw that too. I've got an overnite long hold in EGGS. Thank you tape painters!



To: Anaxagoras who wrote (4559)12/16/1998 11:54:00 PM
From: James H. Irwin  Respond to of 8307
 
<<Ha!
What a bunch of crap!
Did you see that?

That was as clear a case of painting the tape at the close that I've ever seen. With the inside spread at 20 1/16 x 20 1/8 someone stepped way outside and bought at 20 1/2 right at support/resistance so that things would look good for tomorrow and folks wouldn't notice the weak close. Lure the rubes into the tent to get hosed.
Pull up a time of sales. Check it out. What a joke.>>

Dear Conspiracy Theorist:

now I didn't see the print but if you had any institutional or maybe even retail brokerage experience you would know that when completing an order for a customer, many brokerages will print out the purchase or sale at/or near the close and in some cases within a minute after the close...even if it may be "away from the prevailing market." So if it was a print of significant volume that was probably the case.

If you see a print of 100 shares at a price away from the market then you may have a scenario where someone is trying to "manipulate" the market.

If I would have seen the print then I could do a better job of being more specific. So don't get all carried away. If you think that one print is going to change the supply/demand balance for a stock that trades volume in the millions, then....