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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)

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To: joe joe who wrote (726)10/16/1998 1:32:00 PM
From: sks1  Read Replies (1) of 1020
 
Joe:

I agree with your statements mostly; however NOBODY actually knows what each trade was in regards to your statement that the morning trades in CLCK were positioning between mm's. Neither you nor anyone else (including the mm's) knows who or what those trades were. The only possible exception to this is if a single mm executed every trade. Highly unlikely that this happened. MM's are prohibited from talking to each other and to the public regarding their specific orders in specific stocks. Their phones have been tapped for years and almost all mm's are internally recorded for compliance purposes.

Most trades that come across mm's desks don't even have names attached to the account #'s so mm's don't have a clue who the customer is, only the rep or trading desk that sent it to them. So just remember when admonishing someone else for their opinion of trading activity that your opinion is of equal not superior weight unless you are in fact the mm who has posted all of the trades. If you are then you will be doing SI posts from your cell when they catch up with you! :)

Hope this helps!
sks1
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