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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (34456)3/8/2000 3:27:00 AM
From: DSPetry   of 150070
 
Great MM article...
Message 13110384

Mr. Pasternak sat before a screen at Knight/Trimark Group Inc., a
market maker whose job it is to execute trades. His screen
showed that orders to buy Egghead exceeded orders to sell by
100,000 shares. Because it would be Knight's job to fill those
orders, Mr. Pasternak quickly went to work, buying up 50,000
shares in informal trading before the market opened. When it did
open -- with Egghead sharply higher -- he sold them to online
buyers, nailing a quick $15,000 profit.
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