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Re: [RT] HEAVY BLK ACTIVITY ON QQQ'S YESTERDAY... I may have posted this yesterday..



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There is no way to know for 100% unless you can 
see specialist book.. but when I see this many blks clustered together it feels 
to me like a major mutual fund buying and the specialist selling to them... It 
doesn't look to me timing wise after a big upmove off of recent lows that 
we would be seeing a mutual fund that would be that savy or short term oriented 
to sell a long position here... so that tells me it is most probably specialist 
selling what he had to buy on way down or  setting up shorts that 
they ride down again.... There is 
obviously two sides to each blk and the specialist is the smart $$$
So if I'm reading this correctly.... it is 
distribution by specialists who had to buy on way down  starting on 
Sept 17th and lower.. also these levels are back to Apr lows.. so if some 
institution bot at Apr lows rode them up then got caught on way down would have 
sold Sept 10th or Sept 17th and the specialist most probably took other 
side...   I can tell you that there were even more blks on QQQs, SPY, 
MDY etc on Sept 17 -19th... so I'd guess as market improved and got everyone 
bulled up that specialilst is unloading...
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Ira Tunik 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
  Sent: Friday, October 12, 2001 5:18 
  PM
  Subject: Re: [RT] HEAVY BLK ACTIVITY ON 
  QQQ'S YESTERDAY... I may have posted this yesterday..
  Looks like short covering to me.  How much of took place 
  on up ticks and how much on down ticks.  that would tell a different 
  story. 
  Dorothy Carter wrote: 
  
    
     BELOW SEE  SERIES OF BLOCK 
    TRADES ON QQQs yesterday....  THIS IS HEAVY.. NOT 
    NORMALBLK ACTIVITY....opn 
    QQQs <FONT 
    size=-1>-------------------------------------------------------------------------------- 
      7:48 RT U.S. stocks seen little 
    changed to slightly higher at open <FONT 
    face=Quotrone> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 
    400,000 Shrs At 34.36 <FONT 
    size=-1> 10/11 DJ PRESS RELEASE: AMEX To Trade Nasdaq-100 Index 
    Options  10/11 DJ 
    =DJ Options Report: Amex To Trade Nasdaq Index Options 
     10/11 DJ DJ NASDAQ-100 Index 
    (QQQ) Block: 1,000,000 Shrs At 34.16 <FONT 
    face=Quotrone> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 
    466,000 Shrs At 34.30 <FONT 
    size=-1> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 350,000 Shrs At 
    34.35  10/11 DJ DJ 
    MARKET TALK: Nothing Good Lasts Forever <FONT 
    face=Quotrone> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 
    750,000 Shrs At 34.48 <FONT 
    size=-1> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 350,000 Shrs At 
    33.85  10/11 DJ DJ 
    NASDAQ-100 Index (QQQ) Block: 644,800 Shrs At 33.77 <FONT 
    face=Quotrone> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 
    300,000 Shrs At 33.87 <FONT 
    size=-1> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 300,000 Shrs At 
    33.97  10/11 DJ DJ 
    NASDAQ-100 Index (QQQ) Block: 375,000 Shrs At 34.15 <FONT 
    face=Quotrone> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 
    775,000 Shrs At 34.14 <FONT 
    size=-1> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 300,000 Shrs At 
    33.90  10/11 DJ DJ 
    NASDAQ-100 Index (QQQ) Block: 600,000 Shrs At 33.95 <FONT 
    face=Quotrone> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 
    300,000 Shrs At 33.97 <FONT 
    size=-1> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 300,000 Shrs At 
    33.69  10/11 DJ DJ 
    NASDAQ-100 Index (QQQ) Block: 400,000 Shrs At 33.80 <FONT 
    face=Quotrone> 10/11 DJ DJ NASDAQ-100 Index (QQQ) Block: 
    527,900 Shrs At 33.20 <FONT 
    size=-1> 10/10 RT U.S. stocks press higher on upbeat 
    forecasts   
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