Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: NYBellBoy who wrote (17162)	9/1/1998 4:18:00 PM
From: Marconi	Read Replies (2) of 18263

Hello NYBB: What do you make of the trading today? Lots of block trades at similar prices. A few trades at incremental prices--relatively big increments compared to the old game of 32nds and 64ths. Do you think volume was puffed up? Do you think the MM's are bulking up to continue the recent sucker trading on the bid-ask? I would think that would be getting riskier to do. Absent any real buying and selling, it could be a fairly safe play. But if they are long, and a significant selling trend occurs, or gaps occur, they could get lightened quickly. Maybe they are tied to the convertible groups with discretion so they are hedged -- then could play the market coming and going from a MM vantage. Best regards, m

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