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Technology Stocks : Seagate Technology

STX 282.86

-0.9%

Dec 9 4:00 PM EST

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To: William Epstein who wrote (5406)	8/6/1998 11:41:00 PM
From: lam	of 7841

THE IDEA OF A "SPECIALIST LED RALLY" IS THE MOST ABSURD AND IGNORANT THING THAT i HAVE EVER HEARD.fOR ONE, A SPECIALIST ON THE FLOOR OF AN EXCHANGE IS MORE RESTRICTED IN HIS ABILITY TO SELL A STOCK SHORT THAN EVEN THE GENERAL PUBLIC; THEY GET SHORT ONLY ON UP TICKS WHEN THERE ARE NO OTHER SELLERS TO FILL BUY ORDERS. bY DEFINITION, THE SPECIALIST IS ONLY GETTING SHORT ON THE WAY UP!!! IN ADDITION, TO THINK THAT A SINGLE SPECIALIST HAS EITHER THE CAPITAL, ABILITY OR DESIRE TO CONTROL THE PRICE OF ANY GIVEN STOCK IN SUCH A GRAND FASHION IS REDICULOUS, BIG MONEY MANAGERS AND FUND MANAGERS WOULD EAT THEM ALIVE

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