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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (2545)	11/11/1998 9:05:00 AM
From: RockyBalboa	Respond to of 3203

However, the traded price is 27. There is some ask there and the 33 bid doesn't mean that much. C.

To: Paul A who wrote (2545)	11/11/1998 9:11:00 AM
From: Mike da bear	Read Replies (2) \| Respond to of 3203

If the MM has a bunch of stock on his books, it's to his advantage to get the bid up. Since some sheeple but in buy orders at market at the open, the MM can open and sell the stock for whatever he wants. If the MM didn't have to worry about the SEC, he'd sell the shares on his books to the open market orders @ 100 this AM. This isn't an auction market like NYSE so it's not a simple matter of lining up willing sellers & buyers. mdb