Meet Gene, a NASDAQ Market Maker Message Board

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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: ahhaha who wrote (439)	8/5/2000 9:55:19 AM
From: Keith Monahan	Read Replies (2) of 1426

The profit opportunities come when the public wants to transact at some level way away from the last trade based on their fear or greed. The MM is required by rule to get on the other side of the public action since none of the public will do that at any rational level. I have read some of your comments in the past about trading and negative expected return. However, couldn't a person develop a profitable trading system which mirrors the activities of the MM (i.e., going against the public action at the end of unsustainable runs). This assumes that market making is a profitable profession.

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