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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: lrb who wrote (43919)	1/19/1999 1:12:00 PM
From: upanddown	Read Replies (1) \| Respond to of 132070

lrb Happens a lot. It can also happen on the buy side if the opening price is below your buy limit. I don't know the exact mechanics but my understanding is that the market maker tries to find a price that balances bid and ask orders and the stock opens at that price. John

To: lrb who wrote (43919)	1/20/1999 11:33:00 AM
From: Knighty Tin	Respond to of 132070

lrb, There is no off-topic here. The reason is that the stock had a gap opening. Your sell order was considered, but it was probably not enough shares to fill the demand from the buyers. They had to keep raising the bid until they found enough sellers to satisfy demand. This is something that almost never happens intraday, as they would hit your offer BEFORE moving the stock up. But, at opening, they like to show strength or weakness strongly to sucker more buyers or sellers in, so they balance the volume as well as they can and you were fortunate to get part of it. MB