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Footprints of options activity. Probably a market maker offsetting large
call volume.
cheers,
Rick
-----Original Message-----
From: Harley Meyer <meyer@xxxxxxxxxxx>
To: joe6964@xxxxxxxx <joe6964@xxxxxxxx>
Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>; Metastock
list <metastock-list@xxxxxxxxxxxxx>
Date: Tuesday, August 18, 1998 6:08 AM
Subject: Re: puzzled
>After your post I am thinking that this person has two accounts and
>might be pulling the trade out from one account to another account.
>But why? Are they just going flat?
>
>What ever it doesn't make sense to me.
>
>Harley
>Joe Frabosilio wrote:
>>
>> Hi Harley,
>>
>> AMAT is the only stock that I trade. I took a loss at the beginning of
the
>> month so I'm working on some others, until my 30 days are up. I know
what
>> you mean about this one trader, a couple of months ago there was this
trader
>> that was trading 100k shares with AMAT. He was all over the place, about
>> 4-8 trades a day. It might be the same one. I have no idea what this
>> trader is/was doing. On the declines I think he is filled going short,
with
>> the up swing ?????
>>
>> Just keep your finger on the trigger, this guy does put a lot of
confusion
>> into the stock.
>>
>> Joe Frabosilio
>> Harley Meyer wrote:
>>
>> > What I have noticed is that when the price is about to decline or
>> > advance intraday there will be a large block trade outside the current
>> > bid and ask and in the opposite direction of the move. So if the price
>> > was going to go up there would be a large block transaction below the
>> > current bid. Usually about an 1/8th below the bid. Some times their
>> > might be more than one large block but usually just one. Some times if
>> > the advance has been strong then when the price was starting to stall
>> > slightly. A large block would trade about 1/8th below the bid and the
>> > advance would quickly continue.
>> >
>> > The size of the block for the most part has been the same (25,000
shares
>> > if my memory serves correct.)
>> >
>> > Completely clue less,
>> >
>> > Harley
>
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