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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (35911)	11/12/1998 1:38:00 PM
From: accountclosed	Read Replies (1) of 132070

MB. Despite your fine advice, I persisted in my argument that stocks are not primarily about specialist manipulation. Would you read Message 6391000 for me and comment. I was a little rushed and didn't set the context fully. I meant my example to be the limiting case. In other words, ideally a specialist would be flat all the time and enjoy the bid ask spread. What a business that would be. I realize that is a fantasy. There is inventory to carry. Risk to be laid off at a cost in the options market. Market risk. Etc. But did my post make sense to you as a limiting case?

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