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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?


To: 4finger who wrote (7069)11/1/1999 2:56:00 PM
From: Tim Luke  Respond to of 8358
 
don't pay any attention to him..he has no clue.

friday cs traded over 5 million shares...money flow was 32 mi million...huge blocks from 20 k to 100k.

today...more blocks...money flow went from - 3 million to + 8 million....

cya at 32



To: 4finger who wrote (7069)11/1/1999 3:00:00 PM
From: Dave  Read Replies (2) | Respond to of 8358
 
While that's true in theory, it doesn't really show the whole story. The specialist is required to provide a liquid market so if everyone wanted to sell, technically the specialist would have to buy the shares, therefore negating the buyer/seller (in the open market) concept. The quid they get for providing the liquid market is that they can control the price, so if everyone wants to sell, then they get to lower the price and hopefully profit later on.