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Microcap & Penny Stocks : Jax International (JAXI)

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To: Ga Bard who wrote (860)8/26/1997 1:10:00 PM
From: smackdown   of 2430
 
MM trick

say the price is .70 x .75

the mm drops the price to .65 x .72. this is not solely to grab shares at .65 but also to tempt sellers to put a sell in anywhere from .65 - .70 (say at .68) the seller thinks he outsmarted the mm and got a good price when the bid moves up to .68 and his sell goes through.

Question: Did he outsmart the MM???

sydney
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