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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
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To: Madpinto who wrote (585)1/23/1998 2:29:00 AM
From: ----------  Read Replies (1) of 2241
 
Michael:

I was waiting for you to answer this before I said anything. I'll
back you up 101% on this one.

I have the S.E.C. report on the NASDAQ system & the Governments
basis for the current overhaul of the system. In the report there
are excerpts of taped conversations where the stock MM's were teaming
up AGAINST the option MM's. There were cases where BIG wire houses,
who were also market makers in a stock, had an "interest" in where the stock would close, and the options guys were trying to block the
stock guys.

In short, there is not one case of an option mm & a stock mm teaming up to screw the public.... they were FAR too busy fighting each other.

This is all history. I have no knowledge nor do I imply that anything
of this nature has occured other than the specific incidents contained in the SEC report.

Doug
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