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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: Alec Epting who wrote (5841)11/12/1997 12:54:00 PM
From: IKM  Respond to of 13594
 
There are traders on the floor hovering around the specialist playing games, just somewhat different rules than the NASDAQ. Just saying it can be misleading, not that it is.



To: Alec Epting who wrote (5841)11/12/1997 1:03:00 PM
From: IKM  Read Replies (1) | Respond to of 13594
 
Buying is ebbing. I think we've seen the high for the day, depending on the overall market. Now let's see if we can pick up some downward momentum.



To: Alec Epting who wrote (5841)11/12/1997 1:11:00 PM
From: IKM  Read Replies (1) | Respond to of 13594
 
Results from the FOMC meeting are expected in 70 minutes. How will the market take it? I don't think there is any positive impetus to be gained, except maybe a collective sigh of relief. The market is already discounting no change. Anything different, or scolding words accompanying it, could drive us down.



To: Alec Epting who wrote (5841)11/12/1997 2:31:00 PM
From: Tim Kenney  Respond to of 13594
 
>But why would it favor the ask side? Seems to me, since NYSE is a true market unlike NASDAQ, the
specialist would try to pair bid and ask as much as he can.<

Not if the ask is reflecting limit orders to sell.