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Biotech / Medical : SANGUINE CORP. (SGNC)

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To: RocketMan who wrote (1047)	6/17/1998 7:43:00 PM
From: Gwolf	Read Replies (1) of 5402

Rocketman, If you look at the requirements and the action of the New York Stock Exchange members you will see what a true two sided market really is. In October of 1987 many of the exchange members went broke when they were forced by exchange rules and protocol to supply a bid as the market went to hell in a hand basket. What did those OTC sluts do, the S.O.B.'s wouldn't even answer their phones let alone provide a bid. They walked away from their markets completely. I strongly disagree with your view that they are "nice guys". They would sell their mother into slavery for a dollar. The true gentlemen in this business are the men and women of the listed exchanges. If you question this all you have to do is go to your local library and dig out all of the old Wall Street Journal articles regarding the investigation that prompted this class action lawsuit. This is plain and simply a CONSPIRACY and has been labeled as such by the regulators themselves, that's why they are being forced to pay over $1 billion and the regulations concerning their spreads and limit orders were changed. It wasn't because they were nice guys it was because they were flaming A__holes that were stealing the publics money and got caught. Interestingly enough most of rule changes effect the NASDAQ market but there is still plenty of room to this day for abuses on the BB market. Do not kid yourself these guys have a LICENSE TO STEAL. As soon as they see the slightest bit of selling they drop they're bid like a hot potato, that's not honest and it's not right. There is a world of difference between how they're trying to make money and the way the exchange specialist and you and I are trying to make money. 200 years ago we would have recognized these guys for what they are PIRATES out to steal your money. Nothing personal against you Rocketman but I must say: *NICE GUYS MY ACHING BUTT* Gwolf

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