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Technology Stocks : MITEL (MLT) -- Ignore unavailable to you. Want to Upgrade?

To: Ally who wrote (1682)	11/4/2000 1:24:14 AM
From: Ian@SI	Read Replies (1) \| Respond to of 1730

Ally, Re your conclusion of doubling within 2 years, I think you'll achieve that objective quite a bit sooner. Estimates have been guided down unreasonably low. MLT won't miss again any time soon. I'm convinced that Mandy has learned that lesson. Re Market Makers conspiring to lower price. MLT trades on the TSE and the NYSE. As such, a single specialist on each exchange is charged with maintaining an orderly market. Opening price is determined by giving all buyers / sellers a chance to do their trade at the open and the opening price. The specialist merely facilitates them getting together. After the open, it's an auction market with the specialist staying out of the way for the most part. Shares trade when bid and ask meet without going through the specialist. And there are no market makers on these exchanges unless you want to call investors like you and I a market maker. ;-) Ian.