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To: Robert who wrote (43832)	3/15/1999 4:27:00 PM
From: IceShark	Respond to of 53903

I don't know. The crummy, but free, service I have shows some major purchases at 49 after the close (one block was 140,100). If they weren't late reports it smells like options activity - like closing the equity hedge on puts. Makes sense to me, I feel like closing my Aprils so no doubt Marches are getting shut down fast. -g-

To: Robert who wrote (43832)	3/15/1999 4:30:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

here are the last trades... Time Price Volume Exchange Info 16:19:18 49.000 65100 NYSE 16:18:58 48.625 700 Pacific 16:17:59 48.250 1000 Pacific at Bid 16:17:48 48.250 1000 Pacific 16:16:18 48.875 100 NYSE 16:16:13 48.875 500 NYSE 16:13:37 49.000 3000 Chicago at Ask 16:05:39 49.000 1000 NYSE at Ask 16:04:57 49.000 200 Pacific at Ask 16:04:27 49.000 500 NYSE at Ask 16:04:25 49.000 300 NYSE at Ask 16:04:25 49.000 1000 NYSE at Ask 16:04:25 49.000 1000 NYSE at Ask 16:04:23 49.000 10000 NYSE 16:03:59 49.000 140100 NYSE 16:00:55 48.062 10000 NYSE at Ask

To: Robert who wrote (43832)	3/15/1999 4:40:00 PM
From: Land_Lubber	Read Replies (1) \| Respond to of 53903

What is going on down on the NYSE after closing time? Is Mickey Mouse trading MU as the Sorceror's Apprentice? First the low trade of the day (47 7/8) abruptly gets "cancelled" many minutes after the close. Then a huge trade of 140100 shares comes out of nowhere goes through at 16:04:01 at $49, a full $1 higher than the previous trade. This is followed by several smaller trades over the next fifteen minute, all at $49, on the NYSE, Pacific Exchange, chicago exchange, and NASDAQ. Then the original trade (140100 shares) that started all this IS CANCELLED! Fantastic! Land_Lubber

To: Robert who wrote (43832)	3/15/1999 4:41:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

49 yes, low volume, no! The last "real-looking" trade was 10K at 48 1/16 at 4:00:58, then the next one was a mysterious trade of 140,100 at 49 at 4:04:01 that magically was "cancelled" a few minutes later. Another trade of 85000 at 49 immediately followed it. Looks like one of the funds had a big "buy on close" order (note that it's March 15 -- maybe some 401K money from companies who pay on the 15th and the 30th came in over the weekend), and got screwed. Just as well for me, since I'm not as short as I want to be. I can buy back my short 55 puts first thing tomorrow morning (an overnight tout simply delays the peak for a half hour or so) and re-position myself by selling 50's for four or five bucks by the close. Niles, I'm ORDERING you to gin up a tout tonite, or the bottom falls out of this thing on the first market-wide sell program, starting tomorrow!