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Non-Tech : Any info about Iomega (IOM)?
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To: Andy Chen who wrote (10359)10/28/1996 11:23:00 PM
From: slipnsip   of 58324
 
you think any market makers are stupid enough to leave an ask below someone else's bid?

That in MM language is called a "crossed" market. It is also a temorary condition just like a "locked" market. Only exists for a few seconds and ties everyone up until that absent minded MM realizes his error or gets back from grabbing a quick cup of coffee. Usually the guy won't pick up his phone. Until he is reached and honors his thousand shares he's obligated to and free's up the market..
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