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Technology Stocks : NorthPoint Communications Holdings, Inc. (NPNT) -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (332)	11/19/1999 11:00:00 PM
From: ahhaha	Respond to of 786

Oh come now. The stock is so strong that even though in the last several days there has been a net out condition persisting under a flat flow state, the elasticity with respect to marginal demand is very high. The market is also elastic relative to marginal supply so the net out has little consequence for price. The orders below are dense and so as soon as the players run out of stock and assuming orders below aren't pulled, we'll be running again. The MMs are being forced to buy on the way up. That's translation land.