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jon_e_og

07/28/04 7:48 PM

#64961 RE: ergo sum #64896

first JEFF has sold more than 40 billion...

he's been on the ask since June 4th, and he's been on the inside all by himself for I'd say the majority of the days between then and now. We've probably had daily volume of 5 billion, with quite a few days up around 10 billion. On an average day the # of buys/total trades is probably around %70 and the majority of that volume is from JEFF sitting alone on the ask.
I mean the day after the Roger Glenn announcement we did 20 billion shares...

JEFF is selling ALOT of stock....and an order like this is not a mouse click away, this is a market maker 'working' a trade. He is the conduit between the seller and the market and he does what he's told(unless of course its his own 'inventory' he's selling). When someone comes to a MM with an order like he's filling its ALWAYS a quiet order, as in he doesn't want to make it obvious that a large amount of stock is for sale. Why would someone selling alot of stock, alot more that 40 billion shares, make it so obvious?