Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Don Earl who wrote (19634)	1/16/1998 10:13:00 AM
From: Paul Fiondella	Respond to of 42771

How marketmakers fix the stock Ever wonder why Novell trades down all day and then pops up at the close on a market maker deal? Yesterday the stock was trading down to 7 1/8 when all of a sudden a marketmaker comes in with a 7 3/8 trade. For Novell this is a big jump. I couldn't believe it. Two or three trades happened after the MM to bring the stock back in line where it was trading before the close. So what were they trying to do. Probably move the stock up to increase the spread from 1/32 where it was most of yesterday. Give themselves more room. And guess where the stock opened today! So when you see Novell jump at the close think twice about the cause.