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Post# of 396422
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mcmike

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mcmike

Re: vanbookie post# 148196

Friday, 10/29/2004 4:12:02 PM

Friday, October 29, 2004 4:12:02 PM

Post# of 396422
ABTG late action

hypothesis: market makers walk the price down selling what they don't have in inventory after the runup a week ago. Day traders puke up .01 & .02 penny losses thinking that the sp will retrace.

With 45' minutes to go in the week those mkt makers who are short begin to cover with 25 and 50K share buys.

Bids never expanded much and asks got consistently chewed.

another possibility is that there was institutional interest waiting for the wash/rinse to subside before going into buy mode: window dressing? there was a 499K trade 2' before the close at .37

any traders care to shed light on this kind of end of week/month activity

TRADING: "More Signal...less Noise"


LIVING: "One World, One Family, Warm Heart" Dalai Lama

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