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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (693)2/25/1997 8:19:00 PM
From: Ted H   of 17305
 
This may be too rudimentary a question for this thread, but I'll ask anyways. I've really enjoyed lurking on the posts here, and maybe you can explain something. I'm a relatively novice investor, but thought I understood the MM's. I received the e-mail about NTSA Friday; I signed up for a trial membership, but wanted to see how their picks responded. Anyways, here's me question: how does a spread of $9-12 develop on a stock? I assume these are from "market" orders, but does this mean that the MM's can artificially raise the ask to any level they want? I didn't see the bid raise above $12, but at least one order was sold at $25. If people were willing to pay $25 for the stock, doesn't that mean that some people could sell at near that level?

Again, my apologies if this question is too elementary.

Thanks in advance
TH
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