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Technology Stocks : Lance B's : Its A Beautiful Thing
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To: LANCE B who wrote (4405)5/3/2000 11:50:00 AM
From: Eric Fader  Read Replies (1) of 4792
 
Right - they want volume, but no one could have foreseen the kind of mania we saw recently. EVERYONE was unprepared, to some extent. I have a collection of charts and other information on many of the unusual OTC-BB market periods of the last 5-6 years, and a few weeks ago I looked through files from 1996-1998. In those years, volumes were high and pigs flew, but generally the craziest moves were bankrupt companies going from pennies to maybe .30-.50 over 1-3 days, not anywhere near the bizarre stuff this year. The business has gotten tougher and a dumb or inefficient MM can definitely get hurt, but they should all be in decent shape now that volumes dried up and they've had a chance to balance out their positions.
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