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Strategies & Market Trends : The picks

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To: Shawn Murphy who wrote (4175)2/7/1997 11:09:00 AM
From: Ed T   of 6124
 
RE: OZON reprise

Interesting vignette on MM influence/greed:

OZON closes yesterday at 1.18, after a day of wild swings, from 1.09 to 1.31 (c. 20%); most of the day in the 1.18-1.25 range.

Opens this morning with an immediate (but momentary)drop to 1.06 (luv ya, Shawn), pops back up to 1.18, then continues to move to 1.28 (22%), where it rested moments ago.

The spread? Ask: 1.28, Bid 1.06!! Anybody doubt we're on the wrong end of this business?

Ed T
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