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Biotech / Medical : ONXX
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To: Elmer who wrote (454)8/3/2000 12:03:42 PM
From: Mama Bear  Read Replies (2) of 810
 
David, you can't tell who the counter party is, only who is nominally on one side or the other. I say nominally because MM's have been known to try to disguise their true intentions by sitting on the bid to make it look like they're buying, and using an ECN on the offer to sell shares. If only it were so simple as to see GSCO on the bid and to know that they're buying, or to be able to say that because GSCO is not on ONXX's screen today that they're not participating. Just FYI, one 'takes' the offer, and 'hits' the bid.

Regards,

Barb
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