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To: joe who wrote (19347)7/17/1998 8:33:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 45548
 
COMS: SBC WAR/DIL REA made new estimate for fiscal year ending
05/99 of $1.08 on 07/01/98
COMS: SBC WAR/DIL REA made new estimate for quarter ending
08/98 of $0.20 on 07/01/98



To: joe who wrote (19347)7/17/1998 9:31:00 PM
From: victor pan  Read Replies (1) | Respond to of 45548
 

i thought the stock price is determined not only by number of trades but also by the volume traded? i mean 10 trades of 100 shares are not going to move the price, but 1 trade of 10000 shares might be able to. am i wrong?



To: joe who wrote (19347)7/18/1998 2:24:00 PM
From: Steve Porter  Read Replies (1) | Respond to of 45548
 
Joe,

I have to disagree with you. See my message to victor..

MM's also control price by selling very small numbers of shares. Like I explained a 100 share trade moves the ticker just as much as a 100,000 block trade does. With 10,000 shares (selling in block of 100-1,000) on the way down and the executing a block buy for 10,000 at the new low price, let it run up a bit, and then sell them back in.. repeat...

Steve