Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 407.69

-8.7%

Jan 30 9:30 AM EST

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To: William Epstein who wrote (477)	1/27/1999 3:01:00 PM
From: Flan	of 1989

Ahh Will - More speacialist propaganda. It is called order imbalance and every single tech stock was marked down two dollars at the open. If the speacialist did buy it was because there was an "absence" of any other buyers and it is his responsibility to create liquidity for sellers by buying - note though if there are better buyers on the floor he has to fill their trades not his. But without looking at his book we cannot tell if he was a buyer, remember other people could have stepped in with bids at 36 1/2. But lets just say that he did buy well he was taking just as much risk as the next guy because if a large sell order camme to the floor after his purchase he would have to move the stock lower. Once again it is not a conspiracy....education will help you see the light.

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