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To: Alan Coccio who wrote (7831)6/30/1998 2:14:00 AM
From: Syd Deem  Respond to of 10903
 
<<the market makers don't want to pay a high price for the amount they're going to have to absorb. >>

I thought they were just the middle man and would raise or lower the bid/ask based on the order flow at the time. But I guess they have lines of intelligence in more ways than just company news leaks. BTW 122,500 is rather a specific number to be used as an example!

Off topic - crazy story on MIDL, no? Almost as bad as the GIFS story last year, if you remember.



To: Alan Coccio who wrote (7831)6/30/1998 8:45:00 AM
From: Steelguy  Read Replies (1) | Respond to of 10903
 
Alan,
As long as those 122,500 aren't yours then everything will be OK. :o)
But then again, you wouldn't want to be out of half of your position now would you.? < big grin >


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