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Gold/Mining/Energy : MADISON SYSTEMS(MADI) Multi Million Dollar Contract -- Ignore unavailable to you. Want to Upgrade?

To: DuGen who wrote (4343)	4/2/1999 12:45:00 PM
From: Curious Gamble	Read Replies (1) \| Respond to of 5832

DuGen I think when the MM have stock on hand in their inventory they are probably not interested in buying more so they lower the bid price to discourage any sellers at times of low volume. Conversely, I expect when you see the spread move closer to the ask (as opposed to the ask moving down closer to the bid) it is IMO they are running low on available stock. JMHO, but then again I could be wrong. I thought I was wrong once, but it turned out I was just mistaken GJP