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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: Gene Cullen who wrote (118)	10/18/1996 8:50:00 PM
From: ----------	of 308

Hello Gene: I just stopped in to see what this thread was about. I was HOPING it would be a quasi-intelligent discussion of the NASDAQ system, and I was going to shed some light on how the SEC was about to bring the thing down under the guise of "protecting the investor." Instead, I see you are very patiently, ( and accurately) trying to educate someone who flat out does NOT want to be educated. I'm sure this "person" will assume I am some co-conspirator of yours, or a paid stooge, <bg>, but I have been on the floor of the NYSE & I can tell you point blank the specialists I saw do not even have access to news. They could care less! The way the price moves is simple.. and I quote a specialist: "If there's more buyers than sellers, it goes up. If there's more sellers than buyers, it goes down." Best of luck to you. Doug

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