Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.08

-0.4%

Dec 9 3:59 PM EST

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To: Proud_Infidel who wrote (12866)	12/10/1997 9:26:00 PM
From: Steve Byers	Read Replies (1) of 70976

NO SHARES TRADED AT 25, trust me... this is an extremely liquid stock and the only way for it to trade there is if THAT was the "INSIDE" price, ... specialists can only offer stock, on either side, buy or sell at the "inside" price, which is the cross between the lowest price offered and the highest price bid... and if there were a spread of more than a 1/4 point or so, the specialist would HAVE TO take the other side of the trade in order to complete an orderly market... so even if you put in a sell order at 25, and the market price was 32... you would get the BEST PRICE offered for your shares, ie, the inside price...period... thats the way the market works... its an auction of equilibrium creation... its therefore an error, has to be... just the way it works, so we shouldn't get hung up bye it, as GM quite correctly comments...

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