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To: Jgilbert who wrote (4788)2/25/1998 3:04:00 PM
From: charles catlett  Read Replies (1) | Respond to of 9569
 
From mm inventory for one. Sure someone has to sell initially, but when you see larger blocks being bought at the ask, the assumption is made that the price will rise. When you see larger blocks being sold at the bid, the assumption is the price will drop. Especially as the mms move the bid/ask respectively. Hope this helps.