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Non-Tech : National Health and Safety Corporation (OTC BB:NHLT)
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To: Brady B. who wrote (17)12/6/1998 10:46:00 PM
From: Big Bamboo  Read Replies (2) of 409
 
Brady B.,

The MM are fully aware of what is going on at NHLT. IMO they would like to stock pile some of NHLT so they can take the ride and sell for a much higher price. I was told that some of the MM have actually called a brokerage firm in NY where clients hold about 5 Million shares. They asked the brokers to see if there clients would be willing to sell to the MM between the Bid and Ask. No such luck the clients are holding. On the other hand the MM have a ask size and bid size. They take in stock on the bid side and then sell on the ask side. A MM can be dry of all shares at the end of every day in any stock. As long as someone is willing to sell and someone is willing to buy there will be a market for the stock. If the bid and ask spread gets tight, usually that means that there are more buyers and they can make up for it on the volume, or they don't feel like shafting everyone. Take a stock like Intel. The MM might end up holding 500K shares at market close. The MM have to take the stock home with them. (EXAMPLE) If say after the close of the market Intel announced that there Pentium II CPU was going to be recalled, the stock would open down 20% the next day. The MM could go bankrupt because of the money they lost. The MM will usually cover themselves with options to protect themselves. What I am getting at is, the MM don't have to have stock on hand at all times. Sorry for rambling, you probably already knew all that.

BBB
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