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To: Bill Harmond who wrote (6996)1/29/1998 4:59:00 PM
From: craig crawford  Respond to of 27307
 
<< Craig, "hitting the bid" means selling at any price available. >>

Yes, you are correct, I misspoke. To "hit the bid" means to sell. To "take the offer" means to take in or buy stock. What I meant to say was, "Cramer and Vinik are sitting on the bid", meaning they are bidding for stock. That is correct, right?

My mistake-- I will not say it again.



To: Bill Harmond who wrote (6996)1/29/1998 5:11:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 27307
 
Craig, "hitting the bid" means selling at any price available.

WH, that was really a Freudian slip. You both only thought he meant "hit the ask". If they were selling into the strength, they *were* hitting the bid.

Bob


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