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To: QuentR who wrote (58142)4/16/1999 9:20:00 AM
From: Kenya AA  Respond to of 97611
 
QuentR: I said buyers tend to drive the prices down and sellers drive prices up.

I agree with everything you said in your scenarios, however the law of supply and demand is that the absence of buyers drives prices down and the absence of sellers drives prices up. As far as I can see, that's conclusion your scenarios draw as well.

If there are enough willing sellers, his price is the best they can get and they sell at the offer or if acceptable to the buyer maybe a little more. The net effect of this over a day is prices going down

The reverse is true for selling.

Hopefully, when and if we get rid of these willing sellers, the sellers wanting a higher price will take over. This will decrease the amount of stock available and drive up the price.

<ggg>

K