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To: ahhaha who wrote (5743)2/24/1999 7:42:00 PM
From: lebo  Respond to of 29970
 
Right on ahhaha



To: ahhaha who wrote (5743)2/24/1999 8:02:00 PM
From: Spaw  Read Replies (2) | Respond to of 29970
 
Ha!
High quality verbosity.
Right, indeed. I agree. I know that Goldman being on the bid doesn't mean he's working a big order.
I also know that half the time those guys are just trying to fake everyone else out. And I know a lot of flow gets hidden on Instinet.
I probably should not have said anything. I was just getting a little happy at seeing the price firm up and start to turn. I've been waiting for this thing to make a good run at 110 for a while. It looked like there was a little leadership in the athm market as the stock made a move. That's all.

However, I really do not agree with your argument that little guys determine price. Hordes of little guys definitely make a major contribution to price direction on the Nasdaq, but they do not solely determine it. And your point that the big guys buy at the top and sell at the bottom... come on! Maybe sometimes, but not as a rule.

Peace,
--spaw--