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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Eric Fader who wrote (58121)8/4/2000 6:07:40 PM
From: Tom Allinder  Read Replies (1) of 150070
 
Thanks for the info Eric... I understand that not all the MMs are criminals and as I have said many times, it is not all the MMs fault that damn near every stock on the OTCBB has tanked hugely.... The market is the main reason.

But, if anyone says the MMs are there just to ensure an orderly market flow, then I do not believe that. MMs are paid at most firms by how much they add to the bottom line... and rightfully so.

I am out here trading every day... in the last 4 months, every time I get into a stock that is going in the right direction, HRZG and NITE step in and kill it. Once these two go on the offer, the stock is done. Again, not always the MMs but, I notice the bids go away in a hurry after the first sell... most OTCBB stocks right now that get volume into them are traps. We all know the lack of confidence in the market especially the OTCBB... most online trading firms clear through NITE and HRZG (which means myTrack customers)... The MMs use the fear instilled by a sell to drop off the bid and run the offer down. In other words, the big MMs use investors against one-another.

We need ECNs

I will not be so sarcastic next time. :)

Tom
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