The Thread Formerly Known as No Rest For The Wicked Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff O'Brien who wrote (79873)	12/19/1999 12:11:00 PM
From: R.E.B.	Read Replies (1) of 90042

Jeff, the specialists is not allowed to rip investors off. If you put in a market order on a $26 stock, the specialists cannot sell to you for $100 just because they feel like it. They have to believe that the price of the stock fairly represents that price needed to be charged in order to maintain an orderly market. If CS does not open around $28, the specialists can get in trouble for adding $2 to the stock price just because someone bought "at the market"..... there has to be a reason for the extra $2 at the end and that reason has to affect the price of CS before Monday's open.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next