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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Edward J. Edwards, III who wrote (28976)12/31/1997 12:20:00 AM
From: hitesh puri  Read Replies (1) | Respond to of 61433
 
I too find it interesting that whenever I have seen the tick by tick real time trading on ASND in the last 5 days I have seen big blocks mainly being bought and small sales (100 -> 700 shares) being sold.
When a big block is bought the price hardly moves but come few small lot shares for sale in succession and the MM drops it by 1/16.
Contrarian Big Boys at play.

-hitesh



To: Edward J. Edwards, III who wrote (28976)12/31/1997 12:22:00 AM
From: username  Read Replies (1) | Respond to of 61433
 
Hi Ted, with respect...re: MM "holding" the stocks down, (and these other posts about MM "controlling" the prices of the stocks....)

1. How does a MM do that on a stock that trades 6 million shares a day?
2. Isn't it illegal?
3. Are you saying you would do something illegal?

pete


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