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To: Joe Lyddon who wrote (5190)6/2/1999 5:34:00 PM
From: Kerry Sakolsky  Read Replies (2) | Respond to of 18366
 
Joe,

I haven't seen the time & sales when that 1 million share trade happened, but I did notice the volume on my screen pop up 1 million and then down 1 million. Could that trade have been a misprint?

Kerry



To: Joe Lyddon who wrote (5190)6/2/1999 5:40:00 PM
From: InOverMyHead  Read Replies (1) | Respond to of 18366
 
Joe, I have always known the OTC:bb to be a dealer controlled exchange. Whereby everything that is bought and sold goes through a Market Maker. If you buy a share, you are buying from an MM. Also, if you sell a share, you are selling to an MM. This however could be avoided if an ECN trade was executed.

Would the MMs bring the price down to get the million shares? Hell yes!! If you knew that you had a great stock and you could get a lot of its shares, you would do your best to drop that price. Now that the MMs have that sell, they may start walking the price back up. IMHO

IOMH

P.S. I would appreciate it if someone would correct me if I am wrong!