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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Popiye who wrote (1820)5/10/1998 3:06:00 PM
From: Janice Shell  Read Replies (1) of 6931
 
Great research on the MMs in Jersey City. 5 of them in the same building. And guess what? 10 Exchange Place is exactly 400 feet from 30 Montgomery Street (I pulled it up on Yahoo Maps). And 525 Washington (Blvd. I believe) is 1 mile from 30 Montgomery Street. That's 7 Market Monkeys all working together.

AMAZING! Look, the company in question doesn't attract, say, Goldman Sachs as an mm. Many of the smaller players are across the river. This comment is sort of like saying that because many of the major brokerages have offices on Wall Street or Avenue of the Americas we're dealing with a Giant Conspiracy.

Sometimes stocks go down just because there are more sellers than buyers. If you insist on blaming every downturn on Evil MMs you risk losing a good deal of money. There's an SI thread on market makers. Some of the participants are mms themselves. It's quite interesting.
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