Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Silicon Trader who wrote (6272)	5/22/1998 12:58:00 PM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 10227

"If a stock has selling pressure , the stock will go down, no evil schemes here. However they will capitalize on a given situation always to their advantage, either up or down." Yes, you're right. They will always push the price faster in the direction of least resistance than an auction-like market (NYSE) would. That's the point and the reason NXTL should move to the NYSE. Let the auction market dictate price movement, not aggressive market makers capitalizing on a given situation, paraphrasing your words. That phrase sounds polite and nice but NYSE rules would force those guys to compete in the auction market like everyone else has to. Some have said that NASDAQ market makers in many ways are not much different that the bucket shops of a bygone era. I'm not old enough to know if that's true but I do know that there is a fundamental difference between the way the NASDAQ mm's operate and the way the NYSE auction works. Arnie