Anthony @ Equity Investigations, Dear Anthony, Message Board

STOCKTALK

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.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brooks Jackson who wrote (3208)	1/9/1999 1:55:00 PM
From: Anthony@Pacific	Read Replies (2) of 122087

Is anyone here feeling bullet proof...??? Let me explain why we are seeing 20 30 40 80 and 90 point gains on NASDAQ and we didnt see them 2 and 3 years ago... Last year NASDAQ came up with the brilliant notion of reducing Market makers liability from a minimum of 500 and 1000 shares to 100 shares.. If you had 3 or 4 market makers jockeying for position on the offer in the past..then a large BULL push ( daytraders..Good news..or whatwever) came at the stock.. it would take approximately a minimum of 32,000 to 64,000 shares to take the stock up a dollar..For a stock to go up 50 dollars you needed a minimum of 1.6 to 3,200,000 shares of pure buying to get the stock up to those levels.. NOW , however it takes no more than 1600 shares to go up every dollar per market maker so evry dollar can be gained with a maximum of 3200 shares..To climb up 50 points you need a purebuying volume of 160,000 shares..What this did was give the market makeres tghe ability to walk away from a market and allow the public to assume all risk in maintaining an orderly market,. Gains that would have been normally 3 to 7 points are showing up as 30 and 70 points.. NASDAQ set-up the rules so Stocks cannot go down..It is the purest form of manipulation... This was done to make the NYSE look absolete ,,,to attract companies to NASDAQ... One thing however does prevent the above scenario...Fraud, Scams and REAL SEllING..... THE NASDAQ created this scenario and pretend they have no idea...Market Makers should be forced to buy at least 1000 shares of each and every market they make regardless of price..This will put the burden back on Market makers to do their job..This is of course is0 why Market makers are entitled to the spread...But now I see no justification for paying Market makers the spread... EX-Market Maker A@P

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next