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Non-Tech : Market Makers - What They Do and How They Do It

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To: RichyB who wrote (133)2/2/1999 2:21:00 AM
From: Richard L. Williams  Read Replies (1) of 429
 
PS ever consider that it might not MM's shorting the stock. Some insiders/large shareholders have been known to set up offshore "Boxs" to control stock. just a thought.

Hi, Richy!
Thanks for the advice...I am going to call for my cert tomorrow. I'll leave a bit in to trade, but time to clamp down on these boys!

As for insiders...well, Benjamin Shell is as straight a shooter as they come...I have no fears in that regard. When I say the MM's are "short the stock" I don't mean that they are shorting the stock--they are simply trading in stock they don't have.

Ie., when somebody calls in a buy order, the MM fills it, but doesn't really have any stock to back up the buy order.

If the MM owe people a million shares or so, they really have an interest in keeping the stock down....look at today's trading log...every chance taken to beat the stock down. Heavy buying ignored.

It's gotta stop.

Cheers!
Rick
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