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


To: Arnie Doolittle who wrote (6276)5/22/1998 1:37:00 PM
From: Rob Prickett  Read Replies (1) | Respond to of 10227
 
Arnie, more on market makers:

I like your analogy to a real estate agent buying his client's house. But, why would I sell my house to the agent at a price which I believe is far below fair value? And, to parallel the stock volumes valuation, it wouldn't be just me, but thousands of others sellers simultaneously. Sellers of Nextel stock want out.

I believe a market maker could get an 1/8 or so on Nextel, or much more on thin float stocks. But, I still have trouble seeing how they could accelerate a big (33%) push down by much.

Regards,
Rob



To: Arnie Doolittle who wrote (6276)5/26/1998 4:34:00 PM
From: freeus  Read Replies (1) | Respond to of 10227
 
Nextel (or stocks in general) are not like real estate. You get to say what you want to sell your house for (or you dont sell it) Therefore I'd sell to the realtor as long as the price he was paying is what I wanted for ir. With stocks, you really dont get to say what you'll sell it for, if it never gets there. (On second thought that part is true of real estate too.)
Freeus
But with real estate at least you can see there is a building there: with a stock sometimes it seems as if there is nothing there!