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Pier 1 Imports, Inc. Message Board

  • closeby2 closeby2 Sep 24, 1998 11:43 AM Flag

    block trades

    How do you know whether these block trades of the last 2 days on Reuter's news are buy or sell?

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    • I would only guess they were a buy. I think the
      MM is pulling down the price when a trader says he's
      got a someone that wants alot at that price. I think
      it's also what happend 2 weeks ago when a block trade
      went through for 1M shares to buy at 8 1/2. It's a
      good sign.

      • 1 Reply to Half_Light_Gaze
      • Posted on S&P Analysts Comments - 9/11/98
        analyst Scott Kessler is keeping his opinion
        on Pier
        1 Imports ( >PIR). The company reported
        1999 second quarter earnings per share of $0.17,
        below Kessler's estimate, versus $0.22 (after a
        $0.05 gain). Kessler expects aggressive marketing
        expansion plans to drive future revenue growth.
        He thinks
        PIR is attractive at 12 times his
        $0.76 fiscal 1999
        estimate, and 9 times his fiscal
        2000 forecast of $0.94,
        with expected long-term
        earnings growth rate in high
        I'm not
        sure what those block trades are when they announced
        them as 174,100 shares crossed by (Name of Institution
        or what ever). I don't think they are buys, could be
        a sell. Anyone know what crossed means? Why don't
        they say bought or sold?
        Any one know?

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