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Technology Stocks : How high will Microsoft fly?
MSFT 511.36+0.5%Nov 12 3:59 PM EST

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To: t2 who wrote (26494)7/17/1999 7:41:00 PM
From: Sir Francis Drake  Read Replies (1) of 74651
 
<OT> t2K - I regard MMs as a *necessary* evil on thinly traded stocks - they can provide the liquidity that ECNs cannot, and as such, they facilitate trading such issues (while manipulating the trading and skinning investors). However, as far as liquid stocks are concerned - I see MMs as *purely* evil. I'm sorry to say, but in due time, once you start trading, you will fully understand my attitude to these parasites. Hope your training is going well, and I'll repeat about the 1000th time: when you start daytrading, go slow, with small #s of shares. Good luck!

Morgan
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