SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kevin D'Espies who wrote (38617)12/5/1997 4:30:00 PM
From: Gregory Cole Brock  Read Replies (3) of 58324
 
Kevin,

I have been reading your concerns about the specialist and I am curious about your comments. First, the specialist can price the stock as he see's fit. If he drops it for no decent reason then the smart traders(i.e. the market) will nail him with alot of buying.
The only time, IMO, the specialist, or even MM, screw you is on the spread. The difference btween the bid/ask is where he makes his living.

Otherwise, why do you care? If it goes down on no reason, then buy it. On the flip side if it doesn't go up on large purchases then the specialist obviously has alot of supply to sell at that price, or he's screwing himself.

If I have this wrong let me know. What am I missing?

Greg
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext