Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (21842)	3/15/2000 1:12:00 PM
From: Eric Fader	Read Replies (1) of 25711

Joe - I've been explaining that same thing repeatedly to people on some other SI threads since the unprecedented OTC-BB volumes began in January, and I discuss it almost daily with my own broker/MM. The only embellishment I would make is that when a MM locks or crosses the market, I don't think he particularly cares whether it alerts the other MM who's not answering his phone. Usually, it's just that the other MMs are trading around the sleepy guy as though he's not there at all, so we see things like bid .45, offered at .42, last at .47 (the best offer, not counting the inattentive .42 guy). -Eric

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