Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Elmer who wrote (2787)	10/16/1998 4:14:00 PM
From: Chuzzlewit	Respond to of 4509

David, the assertion was that GS sold shares that it owned directly. This does not show up on a level II screen. The fact that it is market maker and has institutional accounts that were heavy sellers is irrelevant. LL contended that heavy selling through GS somehow proved that there was something wrong. Now let me spin you an alternate scenario. GS makes a lot of money by buying and selling stocks, both in commissions and bid/ask spreads. When a stock is upgraded or down graded it stimulates volume, and the market makers stand to gain regardless of the direction. That's why the upgrade/downgrade cycle is so dangerous for small investors, and that's why I get so annoyed when people like LL make completely unfounded statements. TTFN, CTC