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To: Anonymous who wrote (16471)	9/29/2000 1:33:17 PM
From: GVTucker	Respond to of 21876

A market maker has a large block of stock, undoubtedly to sell. He asks the seller what price he wants. The seller says, "I'd like to get somewhere in the 30's. If you have to, go lower, but don't go below 25." The trader calls another trader, a guy who usually has represented that he's fronting for a large buyer. The buyer says, "Naw. I'm not buying at any price." The seller says, "C'mon now, you've got to be a buyer somewhere. How 'bout $35?" That is way below the previous day's close, so the buyer says he'll call the seller back. He calls his customer that he knows is a big buyer. The buyer states that he'd like to buy at $25. You can take it from there, and then multiply it by thousands.

To: Anonymous who wrote (16471)	9/29/2000 1:36:54 PM
From: Ian@SI	Read Replies (2) \| Respond to of 21876

With NYSE traded companies, each one is handled by a specialist charged with maintaining an orderly market in that company. In a nutshell, the specialist made the decision re the opening price on the NYSE based upon giving all the opportunity to enter their bids and asks prior to that opening trade. After the open, it's up to the cliches that you didn't want to hear about. ;^) Please, no answers like "It's the forces of the market!" or "It's just part of the Market crap shoot!"