Jasper Janssen wrote in message <36e75d14.42911029@l...et.com>... (...) It's not bad, my post was a bit unclear. The point I was trying to make was that if a standard auction is "siphoned" then it could turn into a Dutch auction. Cheers (...) (26 years ago, 9-Mar-99, to lugnet.off-topic.debate)
(...) Point taken. A standard auction can turn into a dutch auction if market conditions change. Why is that bad? Those calling for "orderly markets" are usually just about to do something stupid like slap price controls or tariffs or unrealistic (...) (26 years ago, 10-Mar-99, to lugnet.off-topic.debate)