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Technology Stocks : (LVLT) - Level 3 Communications
LVLT 53.630.0%Nov 1 5:00 PM EST
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To: DavidG who wrote (321)3/12/1998 7:47:00 PM
From: Don S.Boller  Read Replies (1) of 3873
 
David G.: Sorry I'm late responding.........................
Yes, Mark and I noticed gaps back in Feb., when a chart
first became available. His post # 36 (2/1) noted a gap at
36.00...my post # 37 (same date) noted a gap at 22.00 -
PRE Split......Now, I am not so sure how accurate that chart
may have been (this is still a BB stock with only a couple of
MM's to my knowledge). Anyway, I purchased at higher than
$36 myself! A gap is created when the orders on one side
of the market simply "overwhelm" the otherside. Has nothing
to do with company fundamentals - only supply & demand.
(The function of the specialist on the floor of the Big Board -
is to go in and trade the other side - to prevent gaps....when
he can't he can "shut 'er down" until
some balance is restored). O-T-C markets depend on the MM's
to do this function. Sometimes they can't/won't so there are
very wide breaks or upthrusts.
You pointed out the volume....so did my early posts on this
thread. (I invite one and all to go back and read them). The
fact that there was NO READY EXPLANATION for the volume
IS THE REASON I BOUGHT TO BEGIN WITH!!!!!
BUT wdik.
We all have different criteria for buying AND selling
Very best,
Don
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