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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: mr.mark who wrote (6235)	1/21/1999 3:29:00 PM
From: gil schmidt	Read Replies (3) \| Respond to of 10072

<<it really has nothing to do with my point>> It has EVERYTHING to do with the point of your post. You began by asking a series of questions about IOM in particular...<<if i buy 5000 shares IOM on the bid with RT3, i'm guessing that the time & sales shows it as a sale, i.e. red in color. (would someone correct me if i am wrong on that?) but regardless of how t&s shows it, who is correct in labeling my 5k buy as a sale?>>...and then proceeded to state the following...<<let's remember when someone says that there was "strong buying at eod", it can also be said that mm's were getting rid of excess product. and conversely, when we see all red, and "sellers" are everywhere, often there are mm's there scooping it all up gladly>> Your "conclusion" is not correct with respect to IOM or any other NYSE stock and thus the "point" of your post is ambiguous, at best. The difference between "market maker" and "specialist" is NOT just semantics. The role of the specialist on the NYSE is to insure an orderly market in the issue. You can be sure that price changes in a NYSE stock are due to one thing and one thing only....ORDER FLOW...whether from longs seeking to buy/sell...or shorts seeking to sell/buy to cover and NOT the machinations of market makers. GFS