KAFE (Country Star Restaurants) Message Board

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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: Pete who wrote (433)	12/5/1997 10:28:00 AM
From: Ken W	of 876

Pete, An "MM" is a Market Maker. A Market Maker is the company that is in charge of maintaining an oderly supply and demand market in a stock. MM's have a seat on the floor of the NYSE and NASD. Once oders for buys and sells are satisfied a MM can trade in the stock assigned to him in his own account. In a way it seems a conflict as the MM can move the price of a stock prior to his buying and then sell into new demand. MM's can also buy and sell to each other at the bid and ask, so alot of volume that you see on a stock could very well be stock just moving around inhouse. Hope this helps. Ken W

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