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Technology Stocks : NEXTEL
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To: Arnie Doolittle who wrote (6282)5/22/1998 2:28:00 PM
From: Rob Prickett   of 10227
 
Arnie, thanks for your views. I'm trying to reason this scenario (MM's) the whole way through. You've given me some more to consider. One loose string, still, at this point: when the market maker sets the bid, he also sets the ask - and the spread can't be too phenomenal. So, if the market thought the ask (now below $24) was fair, buyers would rush in and push the price up. Or not?

Rob
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