PatP, here is a rumor, maybe not a rumor since it looks like it crossed on a wire someplace. But I got to thinking what if NITE really was into this kind of thing. What kind of stocks might they be into? So I pulled the monthly volume report for PABN just to make sure there was likely no connection. What a relief it was to see that while they do make a market in PABN, they weren't the number one by volume. They were just an insignificant second. But here is the data in case you were interested:
14:58 ET Knight/Trimark Group (NITE) 33 7/8 -3 7/16: We're hearing a rumor from trading floors that this NASDAQ Market maker will be indicted by the SEC on price-fixing charges.
#reply-12627968
December 1999 November 1999 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
MHMY M. H. MEYERSON & CO., INC.
17,523,011 5 9 55,121,183 1 22 574,705,121 1 18
NITE KNIGHT SECURITIES, INC.
37,484,030 2 20 28,901,210 3 12 550,120,467 2 18
WIEN WIEN SECURITIES CORP.
21,850,230 4 11 26,296,864 4 10 447,759,679 3 14
HRZG HERZOG, HEINE, GEDULD, INC.
42,430,328 1 22 39,040,779 2 16 363,115,218 4 11
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