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To: Brad who wrote (3749)4/12/1999 8:17:00 PM
From: SCOOBEY-DO  Respond to of 4650
 
Last Thursday, the ask at the close was $0.09. With 150,000 trading at $0.085 after the close today, the ask should go back up to at least $0.09. I am very surprised that the two large volume trades went through in total rather than being partial fills in between increases in the ask. Of course, maybe they are partial fills of a 1,000,000 order. LOL.



To: Brad who wrote (3749)4/13/1999 12:11:00 AM
From: JOHN WHITE  Respond to of 4650
 
Hi Brad, Good to hear from you.

QuoteCom shows a final count of 3 trades that went through after the market closed for a total of 180,000 shares changing hands.
As you probably know, since there was no "Form T" designation shown with these trades they were most likely MM trades.
The big question now is why are that many shares being shuffled between MMs.
Some of the possible scenarios explaining these "trades" are interesting.

John


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