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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: john adriaan kolenberg who wrote (7282)	4/15/1999 2:10:00 PM
From: WAI	Read Replies (1) \| Respond to of 17679

why does the bid drop down big and the ask stay the same or go down a fraction? then dropped closer to the bid later.. john, I can't say for sure what is going on, but imagine the following legitimate scenario. What if the book looks like bid 6 1/4 100 bid 6 5/16 100 bid 6 3/8 100 bid 6 7/16 100 ask 6 1/2 100 ... Now if someone comes in hell bent on selling 30000 shares, the spread is going to go from 1/16 to 1/4 in a hurry. If buying doesn't come in to raise the bid back up, then sells could come in lowering the ask, returning you to a reasonable spread but at the lower price. Cheers, William