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Gold/Mining/Energy : Derlan (T.DRL) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (160)	3/25/1999 6:07:00 PM
From: thomas gentry	Read Replies (1) \| Respond to of 319

Hi Stephen, What I was looking at was their selling through the day in advance of the 1.2 million share block (their sole cross for the day). In total, they ended the day with $90,360 more in the sell column than they bought. Are big block cross-trades bullish or bearish? Unless you know on whose behalf the crossing broker is acting, I don't think it's possible to know. However, when the crossing broker prefaces their block trade by unloading stock in advance, I think that's a bearish signal. I'm no expert in the mechanics of these kinds of trades, so let me know if you think I am way off base on this. Thomas