Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Director who wrote (24578)	12/1/1999 11:29:00 PM
From: Pruguy	Read Replies (2) of 27307

I hadn't insulted your intelligence yet, but you are making it real easy. A typical trading day is from 9:30 -4:00...Yes Sherlock, there was a gap openning. Did you think this was caused because of the MM conspiracy and the number of shares needed to be bought equaled the number to be sold at some arbitrary price.....NO, simpleton, to come up with the openning price that will exhibit the least volatility, the MM;s try to determine where the stock should be openned. This happenned to be a lot higher than it closed yesterday......For those of you that can't follow this(thats you Mr. Director) that was because there were a lot more buyers than sellers...To match up the demand for the 2 sides they had to open it much higher from yesterdays close. From the openning price, yes, there was some profit taking, but I never said anything about that. My question to you was how can the price go up with more sellers than buyers....The answer is IT CAN'T....you just haven't figured that out yet.. It's people like you that make me think you should have to get a lisence to trade on your own, similar to needing a drivers lisence in order to drive without an adult supervising.

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