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Technology Stocks : Lucent Technologies (LU)
LU 2.555-0.8%Dec 31 3:59 PM EST
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To: Anonymous who wrote (16471)9/29/2000 1:36:54 PM
From: Ian@SI  Read Replies (2) of 21876
 
With NYSE traded companies, each one is handled by a specialist charged with maintaining an orderly market in that company.

In a nutshell, the specialist made the decision re the opening price on the NYSE based upon giving all the opportunity to enter their bids and asks prior to that opening trade.

After the open, it's up to the cliches that you didn't want to hear about. ;^) Please, no answers like "It's the forces of the market!" or "It's just part of the Market crap shoot!"
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