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Non-Tech : Meet Gene, a NASDAQ Market Maker
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To: LPS5 who wrote (540)8/13/2000 9:30:59 PM
From: Wayners  Read Replies (1) of 1426
 
I did trade ISIL a few times maybe a month after its IPO. The liquidity was so thin that it would move 5 points, about 10% on very little volume, in just a few minutes. Nobody would step in and provide any liquidity for that thing. I remember flipping that thing twice buying on the bid several times and selling several points above when the down move just seemed ridiculous and paused.

At the extreme, a level can be a point or two points from the previous level. Seems to me that a company that can't muster some minimum average daily trading volume should be delisted.
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