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To: Esteban who wrote (1058)11/20/1997 10:03:00 AM
From: steve goldman  Read Replies (2) | Respond to of 12617
 
Esteban,

Thanks for the question. First off, as we all know, there is no such thing as an easy answer. CNTL is the market maker biding with RYCE at this moment.

There a number of possibilities including, but not limited to:
1. the mm is covering a short position.
2. The mm is covering a short call position.
3. The mm is working a cross trade between customers.
4. the prints are not really taking place but are simply being painted tot the tape. (illegal)
5. A customer is moving stock from his one account to another, thereby indicating interest (illegal) when there really is none.

Dont forget there are lots of firms less than than honorable intentions.

There is so little activity in the stock today that probably the only players that no what is going is are the buyers and seller.

Regards,
Steve@yamner.com