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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: tom ablett who wrote (1312)	2/14/2001 11:57:51 AM
From: Apakhabar	Respond to of 1426

<<...why anyone would sell at a lower price than the market was willing to pay.... Too bad for his customer>> You're confusing the amount of stock you want to sell with the amount of stock JPHQ's trader wants to sell. Let's say JPHQ was only trying to sell the 1000 shares that you own. In that case, sure, he would lift his offer and sell into the strength. But put yourself in his shoes and imagine you have to sell 150,000 shares. You might want to sell while you've got the interest, while all the buyers are thinking they're getting stock at the bottom (let's say at $30). Let the price go up a bit and resistance from other sellers (especially if it comes quickly) may convince all those "willing buyers" that the downtrend is still in place and suddenly they might decide that $30 is no bargain after all.