DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!

DGIV 0.00

Dec 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: risk-averse who wrote (6712)	5/17/1998 6:28:00 PM
From: Richard B. Haenisch	Read Replies (1) of 50264

Hello risk averse, No, You are right, the mm sell us "shares" without actually having them (naked) and than get them back when another investor sells his/her shares at a lower price. e.g - You call to buy 1,000 shares of DGIV at 6 3/4, the MM don't have the shares, but will get them from someone who sold them 1,000 shares of DGIV for 6 9/16. Profit to the MM of 3/16 = $187.50 Figure it for every 250,000 shares traded(125k buys and 125k sells) they make between $15,625 - $31,250 on the bid/ask spread - DAILY So on 2 million share days - figure it out! BELIEVE ME, THEY'RE NOT VERY HAPPY WITH THE PROFITS THEY MAKE ON DGIV! MM make money - BUT they are not getting my shares of DGIV !!!! That's why I don't try to time DGIV! RICO

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next