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To: Cogito who wrote (45491)1/25/1998 1:50:00 AM
From: Gottfried  Respond to of 58324
 
Allen, it just so happens that street.com answered one of our
questions (about # specialists/market makers)...

a bit before the open, the Nasdaq -- with multiple
specialists, linked via computer -- will start posting opening
prices, so that's another tipoff.
On the other hand, the NYSE has only one market maker
per stock, so with big volume at the open, that market
maker needs time to match up buys and sells and
determine a reasonable opening price. That's why trading
doesn't always begin at 9:30.


GM



To: Cogito who wrote (45491)1/25/1998 5:14:00 PM
From: stock bull  Respond to of 58324
 
Allen, I'm sure that there were many buyers on Friday outside of the Market Makers. These buyers must have included individuals and institutional/mutual fund managers.

I think a bounce this coming week will depend on a number of factors....Clinton, Asia, the US dollar, and whether or not the drop in stock price from Friday will carry over into Monday....sure hope not.

Stock Bull