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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST
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To: Harold Engstrom who wrote (7515)3/23/1998 3:30:00 PM
From: PuddleGlum  Read Replies (1) of 11555
 
Harold-
Yes, it does make one believe that there are more buyers than sellers, but it can be deceiving. I recently saw a stock with 100 (really 10,000) on the bid at 11 3/8 and 5 on the ask at 11 7/16, so I went in and took out the ask. Next thing I noticed was 500 on the ask at 11 1/2, and shortly thereafter most of them moved down to 7/16. A small quantity on the ask can sometimes be a smokescreen.

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