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: LPS5 who wrote (540)	8/13/2000 9:10:52 PM
From: Wayners	Read Replies (1) of 1426

I agree there's plenty of ridiculous stuff people post on boards. No market maker is going to move a Nasdaq National Market stock with decent volume, 10% or even 2% with the firm's capital. I'm not familiar with OTC:BB stocks other than what I've read. Investors in BB stocks should know the risks and know better than to invest in junk companies. I'll have to get out the Marc Frifertig <sp?> book, a former market maker. I don't have the book here. I'd say that a market maker being able to move a stock the way they want whenever they want is impossible. Under the right conditions I think they can bid or offer a stock up or down a few levels and thats it to get to the point where they can reasonably safely buy or sell to match with a larger customer order. The book backs this up and I assume Marc knows what he's talking about. This is what I've meant about "walking" all along, but nobody asked me for details of what I meant...just assumptions and people jumping to conclusions. I also think raising liquidity minimum from 100 shares to 300 shares would be a vast improvement.

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