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Technology Stocks : Advanced Engine Technologies (AENG) -- Ignore unavailable to you. Want to Upgrade?

To: wasteman who wrote (3116)	6/4/1999 4:54:00 PM
From: cornbread	Read Replies (1) \| Respond to of 3383

From Greg Cummings on the yahoo thread: clubs.yahoo.com "All, Companies have virtually no direct connection with daily fluctuations in their stock price, except, of course, if they announce good/bad news. Without any direct knowledge of why the recent fluctuation occured, I'd be willing to bet that someone approached the market to sell a block. These were probably one time restricted shares obtained by someone who once did business with the company and accepted these as payment. This isn't the first time this scenario has played out with AENG or will it be the last. If I were the market maker (MM), I'd take the minimum I committed to and move my bid down. If the seller hit my bid again, I'd take the minimum and go down again. I'd be happy to take the entire block from the seller, but on my terms and at a lower price. MMs do this all the time to achieve their goals - buy stock as cheaply as possible and put it out higher - MAKING MONEY. Again, I can't be certain of the reason, but it's a classic example of what's described above. A dead give away was yesterday's drop of approx $1 on a 500 share trade. It happens, it's the market." Greg