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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?


To: Arnie Doolittle who wrote (6269)5/22/1998 12:29:00 PM
From: Rohit Sood  Respond to of 10227
 
Does anyone know why this stock is falling....

Is it market sentiment or some fact that I missed...



To: Arnie Doolittle who wrote (6269)5/22/1998 12:33:00 PM
From: Rob Prickett  Read Replies (3) | Respond to of 10227
 
Arnie, About Market Makers:

I've read some of the explanations (Forbes, etc.) on supposed abilitly of market makers manipulate price for their inventory. Nextel's float seems to high to make this a plausible explanation; their effect would seem to be fairly minor.

Why would they single out Nextel - how many market makers does Nextel have (4?)?

Rob