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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: DEER HUNTER who wrote (6096)12/17/1998 5:00:00 PM
From: port_mgr  Respond to of 21143
 
Deer Hunter, It looks the same as those trades at the close the last few days. Apparently someone took everything they could buy at 7/16, which totalled 24,000, and they put it out to the customer with 1/32 added in. So you see numerous 7/16 trades between 3:51 and 3:59 pm est, which are put out in one piece at 4:01pm.

To me this looks like a buyer is sitting on the bid soaking up what they can during the day, then in the last ten or 15 minutes, trying to add another 25-50,000 shares without taking the stock up too much at once. Tomorrow morning they walk for a while, and the market makers who shorted stock try to cover. If that's what happened.