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To: The_Guru_00 who wrote (31487)	12/29/1998 12:16:00 AM
From: Jack T. Pearson	Respond to of 164684

Light volume is exactly why the 30 point swing happened. Day traders love the swings. Fear and doubt work in their favor. Why do you think they spend so much time on this thread and the other Internet threads? To save us? Not likely!

To: The_Guru_00 who wrote (31487)	12/29/1998 1:22:00 AM
From: Gary Walker	Read Replies (1) \| Respond to of 164684

>The wild swings come from the market makers not doing their jobs...ie. maintaining an "orderly" market. the more the stock moves the more the temporary gaps between bid and offer can be hidden by the mm. They make their money on the gaps. I've watched the ticker over the last few days and have seen frequent 1 1/2 to 2 point gap in the bid offer both on the upside and the downside. The brokers tell you not to put in market orders because of these wild swings. However, they're just covering their butts. More than half the trades get executed on the bid or asked, but suddenly the spread will be 2-3 points for no particular reason. Order imbalances? I really wonder who's watching these guys. Today, I put in an order to sell at market at 3:50 pm when the stock was in a meltup mode. The stock was quoted at 349 bid. It was sold at 346 and closed 10 minutes later at 352. My guess is that the the mm bought my shares at 346 and turned around and sold them at 349 or 350 just seconds later.