SI
SI
discoversearch

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.
Technology Stocks : Egghead Computer (EGGS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wayners who wrote (4591)12/18/1998 10:35:00 AM
From: James H. Irwin  Read Replies (3) of 8307
 
<<MMs are intentionally trying to get people to sell by keeping artificially high spreads on EGGS>>

How does one intentionally try to get people to sell? Last time I checked the way the market works is the prices you see are what 30+ odd market makers are willing to either buy or sell AT ANY GIVEN MOMENT. That doesn't count the hundreds of guys who trade on the ECN's or Instinet. If you want to buy you can always have your broker represent your willingness to buy with a bid.

If you haven't sat on a trading desk and made a market in a stock I suggest you do all who read here a favor and keep your thoughtless rhetoric to yourself.

I apologize in advance if I sound a bit harsh, but as there are new market participants who log onto SI everyday I think they shouldn't be swayed by someone who finds this a medium to blame their trading difficulties on MM's.

Lastly, whether you think so or not...you actually have a trading advantage over most MM's (unless you are the axe and do tons of volume). And that is because you can choose WHEN to enter a market. MM's generally have to be involved. How do you think the MMs in AMZN, EBAY, YHOO are doing? Most of these guys have huge swings in their daily P&L and I can assure you huge gaps hurt big, when you happen to be short even 1000 shares.

To all: good luck. Me I'm just waiting for option expiration.

Anyone happen to play CDWI. Had it on my ticker but missed it!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News