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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Gary E who wrote (11730)	1/4/1999 9:46:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I dunno, is IBM reporting or something; I never keep track of that sort of thing. Because it was a late print (on the OEX options) you really can't tell if it was a buy but presuming it was then you are speaking of $330,000 which still isn't as high as it usually can be. Also, it could be a hedge or an offsetting position of some kind. Perhaps a cover, I could not say. It could still take days to pan out even if it is a speculative purchase. I do not want to pretend I can figure that stuff out, I just would not put too much stock in it. Besides, I've some of these large trades get the hell kicked out of them on occasion. There was a few large block sells on the SP9H last week and the market is still in the middle of the range where the blocks were sold.