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To: lizardK who wrote (2754)11/16/1998 5:34:00 PM
From: Spartex  Read Replies (2) | Respond to of 4722
 
last quote seems to be 66 1/8....Curiously, at Schwab telebroker the bid is 65, ask is 70. Not sure where these numbers are coming from. (time of quote was 17:00 EST)

That is a standard market specialists' spread for a stock before earnings are announced. I've seen AOL close near 120 just before earnings release, and having a spread (bid/ask) of 90 to 160. ;-)

Regards,

QuadK




To: lizardK who wrote (2754)11/16/1998 5:40:00 PM
From: John Chen  Respond to of 4722
 
Richard,re:"65...70". Not real numbers. Just a setup so NOTHING
traded (ask the programmer what's the deal, maybe SEC guideline).
I saw sometimes they have 'bid higher than ask' to have the
same effect.


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