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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (3311)2/11/1999 5:04:00 PM
From: Tom Allinder  Respond to of 57584
 
That is possible, but also, and maybe I am way off base with this, could it have indicated a short-cover. That would partially explain the price going up even with the small sells that followed the 50K?
Something is up because the price ticked up way too much for the relatively small amount of buying that occurred late. I am far from being an expert on this... but it's definitely food for thought. WHY did the price go up so much following what appeared to be a 50K sell?

Tom



To: Rande Is who wrote (3311)2/11/1999 5:24:00 PM
From: Tom Allinder  Read Replies (1) | Respond to of 57584
 
It could have been a limit order. I know, if I had that much money to spend on a stock like PLCO, I would place a limit order and make a few phone calls and otherwise use my "financial influence" to get a really good deal. :)
Either way, what looked alarming, and I saw the trade go across my screen, seems now to be something else all together, maybe I am wrong, but I have a really good feeling about PLCO regarding the near future.

Tom


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