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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Tom Allinder who wrote (57951)8/4/2000 5:27:30 PM
From: Eric Fader  Read Replies (1) of 150070
 
Hell, just sell, sell, sell... it is free money and free stock.... The stock you and I are buying is represented by a ticker symbol, # of shares in our account and a current market value... those same shares once you buy them shows up as cash in the MM's account.

Tom - I'm sure that that portion of your post is not correct, but I think everyone would be better served if
Gene the MM or another pro corrected you. (Maybe you'd want to pose the question on his thread.) I've traded through a MM for a long time and could start off with an explanation, but at some point I would veer off into something incomprehensible even to myself, and you don't want that <g>. Suffice it to say that MMs have requirements governing the use of their capital and a short position represents an obligation, rather than an asset. -Eric

EDIT: Start with this from Gene:

Message 14162078
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