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Politics : Formerly About Applied Materials
AMAT 338.12+2.7%12:19 PM EST

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To: Ronald D. Engelkes who wrote (4135)4/25/1997 1:13:00 AM
From: Gottfried   of 70976
 
Ronald, >>If the 600,000 shares were a buy order, where did the MM get the shares to fill it? I looked at the intra-day, and it did not look to me like any shares could have been accumulated below 49 by the MM at that point in time.<<

I'm out of my depth here. The price rose steeply shortly after. That's why I assumed a buy order. If it was a sell, wouldn't the price have gone down further? (because there now was too much of a supply). But where did the MM get the 600k sh if it was a buy?
Do MMs keep inventory several days?

Any experts out there?

Gottfried

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