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Biotech / Medical : IMNR - Immune Response

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To: ahhaha who wrote (875)7/9/1998 2:08:00 PM
From: Robert Knight  Read Replies (1) of 1510
 
> What does this mean: I don't know if it was a buy OR a
pass between MM's to level their books....<

All MM's have net capital requirements. If MM A was short a net 250K of IMNR he could "pass" the position to market maker B and be "flat" for accounting purposes....

Robert
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