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To: Gary Wisdom who wrote (7785)10/2/1998 4:37:00 PM
From: jopawa  Respond to of 93625
 
Gary,

I agree, but I'm once again talking my position! It was a positive end to a strange day. If somehow this gets to $100, they should split 2 for 1 to make the MM's a little more honest.

John



To: Gary Wisdom who wrote (7785)10/2/1998 5:09:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
Gary,

I respect your knowledge of MM's and the quotation system.

Question, could not the same MM's that were scalping the investor with wide bid and ask spreads, simply be unloading the stock they had asked for all day at higher bid price at the close?

My thought is that they bought the stock for their own inventory at a low ask price, and then at the end of the day they pass all this low priced inventory off to some unsuspecting fool at the higher bid

Does that make sense? Because if I could buy it all day at the ask with a spread like they enjoy and dump it a the end of the day at the bid, I sure would!

TIA!

MileHigh