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To: voodooist who wrote (554)5/8/1999 5:48:00 PM
From: Eric Fader  Respond to of 5582
 
Fred, my pleasure. The general rule is, anytime shares move from one account to another, it should show up on the tape. In practice, though, there are exceptions.

The fun part is when a stock doesn't trade for hours, and then has a flurry of activity within a few minutes with different size blocks and/or different prices. It is often next to impossible to figure out exactly what happened, but one print at a slightly higher price than another may indicate that a broker's commission (anywhere from a penny or two on a penny stock, to 1/8 per share) was added to or subtracted from the previous reported price when the shares were moved to or from the customer's account.