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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Peter V who wrote (10701)6/29/1998 6:31:00 PM
From: Bill Wexler  Read Replies (2) of 18691
 
That's a lot of garbage. The reason it fell is because there were more sellers than buyers....period. If someone wanted to BUY 200,000 shares, the MMs would have to keep raising the bid until enough sellers appeared to cover the trade. On occasion large blocks of stock will cross in "private" transactions - but I don't think any legitimate fund maangers a shuffling this fraud around.
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