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To: EdR who wrote (24701)12/7/1999 6:24:00 PM
From: Craig A  Read Replies (1) | Respond to of 27307
 
Can't have one without the other..
Listening, reading post YHOO 'big day' whoopla.
Everything from insane to buy the dips.
Whatever the rationale for this rise, look at the volume. First individual 'irrational' investors led the charge. Now, are the fund managers also irrational? Maybe.
But Fruit of the LOOM, Exxon, and KMT never saw lust for their stocks like this.
It is still a reaction of fear of not being in.
I think. Maybe. I hope...



To: EdR who wrote (24701)12/7/1999 6:25:00 PM
From: Randy Ellingson  Respond to of 27307
 
It is, but in this case it makes sense that the MM's collected shares and were selling a big block of them to a buyer at a price above the small block transactions. In that sense, it's analogous (or exactly the same, perhaps?) to shares going at the ask price rather than the bid. Shares sold at the ask when the bid is lower would be considered a "buy". Someone, somewhere, can actually explain to us all what's happening here.

Randy