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To: Zakattack who wrote (1233)3/20/1998 4:48:00 PM
From: brad greene  Read Replies (3) | Respond to of 5847
 
Zakattack,

Let me get this straight.

In order to collect shares....MMs see stop-loss orders, then drop the ask in order to scoop up the shares?

Interesting.

Anyone get caught in this way?

bg

ps. I think the 200,000 share bolt was due to the MDCE announcement. So many sells went down so fast....just after the announcement. Checking MDCE, however, I doubt anyone made any money over there. I'm glad those shares are gone...as they would be bolting on the next hot call anyhow. The volume is nice to see, however.........and I think a smart MM gobbled up the shares for a good price.