SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?


To: charlief who wrote (9683)3/29/2000 8:29:00 PM
From: VFD  Read Replies (1) | Respond to of 17183
 
The poor sucker who paid 143 will be down at least 8 points tomorrow at the start.



To: charlief who wrote (9683)3/29/2000 8:35:00 PM
From: Ed McCloskey  Read Replies (3) | Respond to of 17183
 
I've held EMC for some time now and there have been a number of discussions here about the price changing substantially at the end of the day. Don't get me wrong, I'm glad to see this price; but, look at the numbers. At 18:03, 100 shares were traded at $143.125 and the previous trade listed was at 17:18, 11,200 shares traded at $133.562. That's a ten point spread with only 100 shares traded. To me someone is being irresponsible here by setting these prices.
Being honest, I've had problems in the past understanding how stock prices are set. Could someone explain how the above can happen?
Thanks in Advance,
Ed
PS I expect the open price tomorrow will be at or around $133.