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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: Lynn who wrote (40074)12/15/1998 6:29:00 PM
From: Kenya AA  Respond to of 97611
 
Lynn: Size on bid/ask can be very deceiving and should be viewed with some skepticism (like insider selling). For example, if I had 500,000 shares of CPQ that I wanted to unload, I wouldn't advertise that fact by disclosing my whole sell order at once - that would just knock the price down. I'd feed it to the specialist/market maker a little at a time so I could get a better price. Works like that on the buy side too.

K