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Technology Stocks : NEXTEL

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To: Rob Prickett who wrote (6271)5/22/1998 1:14:00 PM
From: Paul Smith  Read Replies (1) of 10227
 
I agree. I've been told that there are about 50 Nextel market makers. Arnie seems to be saying that there is a big conspiracy among a whole lot of people to push the price lower. I don't ususally buy conspiracy theories especially when the conspiracy needs to include so many people! With the gigantic float that Nextel has, 50 market makers, lots of attention from Wall Street and Main Street, the price can not be easily manipulated (IMHO). Prices might get manipulated in situations where the float is small and a very few individuals can influence supply and demand. That is not the situation with Nextel.
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