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To: Sprintcar who wrote (409)3/16/1999 1:38:00 PM
From: LT  Read Replies (1) | Respond to of 1593
 
Even with out level 2. I can tell you the volume has slowed down in response to the price drop. The upticks/down ticks appear to show a lot of selling, making me wonder if some one was dumping paper. Hard to confirm that without level 2 though. Could be sales between MM's also, dunno right now.

LT



To: Sprintcar who wrote (409)3/16/1999 2:22:00 PM
From: LT  Read Replies (2) | Respond to of 1593
 
Volume has slowed way down 2-5 minutes between trades in some instances. A bunch of 16,000 share sells went through, that tick pattern on real time + - + - + - indicates to me someone is sitting on a pile of paper and an MM is selling it between buys (dumping).

This in effect drains the stock and we are just throwing money into the wind at this point until the pile of shares is gone. Usually by then folks give up on buying.

This is how it appears anyway IMHO. it's not a MM shakedown, it's a sell off. By some one, I doubt it's the folks that have been buying recently.

LT