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Non-Tech : Any info about Iomega (IOM)?

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To: Paul Moerman who wrote (45262)1/24/1998 1:48:00 AM
From: stock bull   of 58324
 
Yes, I believe the market markers on the NYSE and Nasdaq are different. You are correct that the specialist on the NYSE are only supposed to keep things orderly. However, I believe that as part of this process, they can "buy" the shares in order to keep the market liquid, then sell the shares as retail buyers move into the market.

I think the market makers would tend to keep the stock price from dropping. I don't think the makers would want to buy the stock and then sell at a loss. They would tend to keep the price steady and make their money from the spread between the bid and ask.

Comments appreciated.

Stock Bull

Stock Bull
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