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Technology Stocks : Thrustmaster (NASDAQ:TMSR) -- Ignore unavailable to you. Want to Upgrade?


To: Pete Mason who wrote (2206)6/9/1999 4:16:00 PM
From: Pete Mason  Read Replies (1) | Respond to of 2443
 
TMSR end-of-day price quote has been saved!! Whew, that was close!!

This was too funny not to comment on. At 3:41, TMSR was at 22, down 2 1/8, on volume of 33800. Bid 21 7/8, ask 22 1/4 (approx; I forget the precise ask). Ouch, what a bad-looking close that would be, down over two dollars on the day! What would the momentum traders think???

Suddenly, the ask balloons 'way up to 22 7/8, and lo and behold:

At 3:57, the closing price has vastly improved to 22 7/8, as a 100 share block traded at the ask. Closing bid 22 3/4, ask 22 7/8. Yup, better tighten that up now that those 100 share blocks are showing up every fifteen minutes!

So a very ugly-looking close was averted at the last second... whew!

LOL,

-- Pete