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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Jun 6 11:01 AM EST

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To: majormember who wrote (1405)7/31/1998 3:50:00 PM
From: Joe   of 4140
 
Just talked with a MM where I have an account. He said it is hard to tell if the activity is short. MM's of OTCBB stocks don't have to report the trade short like they do on NASDAQ. Even there, while it is reported, it does not show on Workstation II.

I think it would be possible to characterize the trading activity of a MM by watching it closely. Since I am not savvy in the day to day trading that goes on (other than looking at CUBBY's data) I do not know what patterns to look for. But, for example, if I saw a MM that did not have a significant retail brokerage outlet and that delt more with institiutional investors, sell a large block of stock that shook some of the weaker hands in the market, then buy the stock back in smaller blocks, I would start to wonder what was up. Since I don't have level II or experience watching minute to minute trading of the MM's, I don't know what patterns to look for.

I think this is more a curiosity with me than anything else. If I watched level II data for a week, I'm sure I would get over it.
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