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To: Mark S. Schroeder who wrote (683)5/3/1998 4:03:00 PM
From: xbrent  Respond to of 2278
 
Research has shown, I think it was Money mag., that a considerable portion of trading in BB & NASDAQ stocks is MM to MM trading.
Also when one MM trades to another I don't think that they necessarily pay the ask. Thus I am not so sure that one can draw all the conclusions that some are drawing regarding trading. In other word, sometimes a sell is not a sell.