Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The North Face (TNFI) -- Ignore unavailable to you. Want to Upgrade?

To: B.B. who wrote (199)	4/30/1999 12:06:00 AM
From: M. Robins	Read Replies (1) \| Respond to of 236

You've captured it precisely. I think the auditors have themselves in a crack. I'm expecting an open, maybe tomorrow, way below where we've been frozen. Ever see this from Schwab's help file? " The Specialist (for listed stocks) and the Market Maker (for OTC stocks) can open a security at a fair and reasonable price. Sometimes they set the opening price of a security differently from the previous trading day's closing price. The change in price may happen for several reasons. The most common of these are: 1.News affecting the stock's value was released after the market closed. In response to that news, the specialist or market maker opens the price higher or lower than the closing price. 2.The specialist or market maker reviews all outstanding buy and sell orders for the security before the market opens. Based on the number of outstanding orders, the specialist or market maker may raise or lower the price at market open".