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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: Drex who wrote (179)7/29/2000 11:32:44 PM
From: gene_the_mm   of 1426
 
REGARDING 100,200 SHARE PRINTS ON OTC BB'S...

You are asking me if MM's are colluding with each other to manipulate prices on the OTC BB. While I do agree there are some bad apples in every bunch, in every business, etc.., I DO NOT believe there is any form of widespread price manipulation in the OTC BB's. If you even hypothetical that there is, why would an MM use a time-stamped print to the tape to signal to the other MM's? Don't you think the SEC would find a pattern of small prints with MM's running out of the way and question it?

I really can't believe some of the conspiracies people are throwing around on these message boards. This is in no way a personal attack on you but I would just suggest that you make up your own mind based on facts and common sense on these issues.

I hope that helps clarify it. Thanks for the question.

Wishing you all the best,

-- Gene
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