SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: Bruce L who wrote (13226)5/5/1999 1:11:00 PM
From: Michael H. Dragon  Read Replies (1) | Respond to of 42804
 
Bruce, have you noticed the unusually large trades today.



To: Bruce L who wrote (13226)5/5/1999 1:13:00 PM
From: Bruce L  Respond to of 42804
 
Re : Block Trades (i.e. >4000)

I've gone back through time and sales for this morning and it's interesting.

1. There have been 17 trades of more than 5000 shares(between 5-26K) that went at 11 1/2 - mostly at the ask as far as I could determine - totaling 189,000 shares!

2. In addition to that, there was one trade of 49,300 at 11 5/8.

3. Even though the stock hit a low of 11 3/16 today, the lowest "block" (>4000) trade today has been at 11 7/16. In fact, these "low" block trades, totaling 40,000 shares in seven blocks,have all been at 11 7/16. I think all of these were at bid or in between. One other 4000 shares at 11 7/16 was at ask.

CONCLUSION: On a bad market day the big boys are buying.