Steve,
When a market maker accepts an order by a Net account to sell at the MM's bid, does the market
maker know, before accepting the sell, whether it is 'short' or just a 'sell?' Does he really care which
it is?
How is a short sale recorded to tape.... just as a sell, or is there some way to determine whether it
was a 'short' sale? Who keeps the sales records on short sales? Do some 'time & sales' printouts
clearly differentiate between sell and 'short' sell or buy and 'covers?'
When the bid drops very quickly, say in a OTC:BB stock or Nasdaq Sm Cap, who is driving the
bid down so quickly? Have all the MM's agreed to bring down the bid simultaneously, is one
market maker selling his inventory to other MM's, or is it a trader(s), not another market maker,
who is repeatedly knocking out the low bids of all the MM's in the stock... driving the price down?
What's the most likely scenario?
Can a market maker(one person) be both a trader and market maker in his own stock... one minute
he's buying and selling other's requests for his stock, the next minute he's pounding the bid or ask
of another market maker with his own stock?
Thanks, appreciate your time and effort.... if this has been answered in other posts, just the
Reply# would be adequate.
nick |
