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Technology Stocks : Jabil Circuit (JBL)
JBL 196.60+2.1%Nov 21 9:30 AM EST

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To: BenYeung who wrote (2928)3/10/1998 4:51:00 PM
From: 18acastra  Read Replies (1) of 6317
 
Ben - you are a nice guy and your heart is in the right place, but you have a lot to learn.

You are basing your view of the world on a report written in 1963 and two books by one individual. There are books that have been written in the past that said the world was flat, some by very bright people, which apparently have turned out to be incorrect.

Look, there is a tool called Instinet that professional investment firms use where buyers and sellers trade directly with each other (no market maker in the middle). Prices that shares trade for on Instinet are driven purely by supply and demand, they constitute a good portion of the volume traded on NASDAQ stocks, and lo and behold the trades go off in-between the spread. It is a matching system, and it only works when a buyer and a seller can agree on a price. There is nobody making the buyers and sellers do anything.

The stock market is a very complicated thing, and there are numerous factors why stocks move. Maybe on small, illiquid stocks market makers or SOHs can yank the things all over the place. However, something like Jabil or Intel does not move 10% because market makers want it to. They move on news.

My opinion.
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