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Microcap & Penny Stocks : DCIC/FTEL/FNET
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To: Jamey who wrote (332)8/8/1996 7:52:00 AM
From: George R. Petersen   of 405
 
Finding out who the MM's are or how many there are is not that difficult. I think I've seen them listed on the pink sheets before. And I hope you don't look at them as demons. They make the markets in the respective stocks they handle which is why we can buy and sell these stocks as we choose. They function to a certain degree like used car lots. They buy stocks into their inventory at one price mark it up and resell it for a profit. If they use strategies as to whento increase or shrink inventory as they see the situaltion develope that's just what they have to do to stay in business and continue to make a market for us. It's good to see someone like Art follow their activity and report it. This can be helpful. But if you are an investor verses a trader the actions of the MM's will not have a lot of impact on your outcome.
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