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Non-Tech : Cendant Corporation (NYSE:CD)
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To: Benkea who wrote (2983)2/3/1999 2:40:00 PM
From: Sun Tzu  Read Replies (1) of 3627
 
"Keep in mind that for every buyers there has to be a seller."

That is a fallacy. That is what specialist are for.

This is only true for a very short term. The specialists are unwilling to take a close-to-open risk on a big position. Unless of course they are position trading for themself, but even then I don't see them holding (at the very most) more than a day or two's worth of volume.

Regards,
Sun Tzu

P.S. I am bullish on CD since the GDP was much better than expected and CD is very econ. sensitive.
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