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Technology Stocks : NEXTEL

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To: Arnie Doolittle who wrote (6276)5/22/1998 1:37:00 PM
From: Rob Prickett  Read Replies (1) of 10227
 
Arnie, more on market makers:

I like your analogy to a real estate agent buying his client's house. But, why would I sell my house to the agent at a price which I believe is far below fair value? And, to parallel the stock volumes valuation, it wouldn't be just me, but thousands of others sellers simultaneously. Sellers of Nextel stock want out.

I believe a market maker could get an 1/8 or so on Nextel, or much more on thin float stocks. But, I still have trouble seeing how they could accelerate a big (33%) push down by much.

Regards,
Rob
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