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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: Sidney Reilly who wrote (287)4/6/1997 9:43:00 PM
From: hcm1943   of 308
 
Bob: It's a meaningless an deceiving number that only
shows what the inside market size is and only reflects
the size of the MM who happens to be first at the
price.I have never gotten a clear explination of the why
they use these sizes as most MM are good for at least
1000 shares on thier market. I believe the size they
show is to prevent SOES bandits from screwing them as
they only have to take thier size limit when hit via
the "system". While some are praising SOES bandits for
hurting MMs they are doing the overall investment
community a tremendous disservice. They are abusing a
system that was put into place to aid the small investor
in getting a fair execution during time of "irrational
exuberance"
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