SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Meet Gene, a NASDAQ Market Maker
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SteveDavis who wrote (275)7/30/2000 2:51:05 PM
From: Jorj X Mckie  Read Replies (1) of 1426
 
As to MM shorting at the top. The specialist that handled the UPS IPO went bust shorting that stock after it opened.

Aren't the rules for specialists and MMs different concerning providing an orderly market for the stock?

In the case with UPS, wouldn't the specialist have had to go short if there was no supply of the stock and lots of demand? If UPS was a NASD listing, I don't believe that the MMs would have had the same obligation.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News