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: Dan Duchardt who wrote (768)	8/27/2000 9:00:55 PM
From: gene_the_mm	Read Replies (2) of 1426

DAN... I skimmed your post. Mostly pure hypotheticals, and IMHO, not even close to reality. It does not matter how nicely you try to put it, you in essence propose that MM's on the OTC BB are colluding (be it spoken or unspoken) to control prices. Trading is a cutthroat business and you make the assumption that if one firm is selling large quantities, ALL firms are selling large quantities. This is where your theory falls flat. The bottom line is OTC BB's are generally risky 'dogs' that simply can't get out of their own way because the size of some of these floats are huge. What if the MM's who you purport to be selling were not selling short but OWNED HUGE amounts of inventory at ridiculously cheap prices because it cost them practically nothing to buy them 6 months or a year ago? Now what if when the buying is done the MM's are STILL long and do not desire to buy any more? Do you think this could be the reason they get out of the way? Just my opinion but your post appeared to me to be a nice way of trying to propose price fixing and collusion. I apologize in advance if this was not your intention but that was the way the last few paragraphs read. All the best, -- Gene

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