Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: slipnsip who wrote (10383)	10/29/1996 10:02:00 AM
From: Andy Chen	of 58324

if MMs never intend to get LONG or SHORT at a particular price level. why does he put an ASK or BID there? if SOES traders buy 10k from an MM at 48.25 and the BID is at 47.50. there is no way for him to make money, unless an MM move the BID above 48.25. MMs can move BID/ASK at their free will. if there is a LOT of buyings, they can just short the stock to the buyers and make the quote stay there. two conclusions lead me to believe that MMs have total control over the quote because 1) they are the ones who make a market. and 2) they are allowed to short or buy stocks on margin because they are usually backed by financial power houses, they can keep rolling on to bigger positions. that's why I strongly believe the spread is used as a cushioning zone by the MMs, instead of MMs trying to make money from the spread. how can MMs be making money from the spread when there are usually 10-20 MMs offering different bid/ask? chances are the MMs on the ask is different from that on the bid. how can they just simply make money out of the spread, unless they are collaborating with each other to distort their accounts?

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