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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (22452)	7/27/1998 7:41:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Jim: seems to be higher than normal. The huge bid-ask spreads make an ugly advance-decline line.

To: James F. Hopkins who wrote (22452)	7/27/1998 10:46:00 PM
From: robert b furman	Read Replies (1) \| Respond to of 94695

If you were holding an inventory of a stock that had been in a downtrend for the last year and the overall market was trending down- I would low ball the purchase price (from a market makers perspective) and increase the spread in the hopes that what I had in inventory might get above water. This pricing action is indicative of an effort to reverse the price trend. When the market is seriously deteriorating these eloquent market makers will buy and sell for a 1/16th.They are scared to death to risk their capital.In a down market - market makers they are not - scalpers they are. I think that when spreads increase in times like this they are trial balloons to see if the dipsters are out there. When the dipsters are out there in number - a turnaround is but one stock chaser away from these beaten up stocks to crank it up. Jmho I think things are getting cheap in the tech stock world. BWDIK and I submit my underwater purchase points as proof :-) Bob