AWE - ATT Wireless Message Board

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Technology Stocks : AWE - ATT Wireless

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To: engineer who wrote (158)	5/11/2000 7:52:00 AM
From: Pullin-GS	of 329

AWE is a NYSE listed stock. It is traded by a single point of contact called a "specialist". "Market Makers" and ECNs trade on the Nasdaq stock exchange. But you are correct in the price fluctuations of the stock. Except that the MMs or the specialist don't actually support the stock, it is the underwriters of AWE that do that. In the case of a Specialist, the underwriters do not have a buyer-seller representing them directly through their financial institution....such as the Nasdaq MM PRU (Prudential) or NITE (Etrade, and others). At the moment things look pretty sour for AWE. Holding still...but wishing I sold at 35 (hindsight is 20/20). >>The market makers will support the price for a period of 30 days. This is their commitment for being part of the IPO group. this means that on the open on May 29th (Monday) the stock will float on it's own. UP until that time, they buy excess stock into the mkt inventory they hold.<< Regards....

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