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To: QuentR who wrote (58094)4/15/1999 7:36:00 PM
From: rupert1  Read Replies (1) | Respond to of 97611
 
QuentR: I took a peek at Thompson today and notice a large percentage of the action being tracked was institutional.

My bet is that there are probably a lot of potential retail buyers out there - waiting for confirmation that this is the bottom, but not sure. The buying is being done by professonals who are happy enough with these values and don't need to scrape for the best value.

Option expiry, nervousness about the earnings announcement and the forward guidance are wearing nerves.



To: QuentR who wrote (58094)4/16/1999 12:01:00 AM
From: Kenya AA  Read Replies (1) | Respond to of 97611
 
QuentR: I must be stoopid. I thought I understood the law of supply and demand. Can you explain how this works?

buyers tend to drive prices down and sellers drive prices up

K