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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00150-28.6%Dec 11 9:30 AM EST

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To: Jeffery E. Forrest who wrote (5791)9/25/1997 12:11:00 PM
From: jhild   of 22053
 
It is easier to understand in an open auction, because it means that the buyers are only willing to buy at a price well below where the sellers are willing to sell. Meaning that the buyers know something that the sellers don't or vice versa.

But with a MM controlled market, I seem to remember that a manipulated stock has sometimes carried a wide spread, as the MMs hook the buyers in and don't let them get out. I am basing this on an article that I seem to remember posted on SI, possibly even back on the old USRX thread around Feb or Mar about fraudulent manipulations. I could be mistaken, though it might have been in a Business Week article on organized crime on Wall Street.

In the case of RBBS, who can tell what's really going on?
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