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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH)
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To: Andrew H who wrote (1395)2/26/1999 9:47:00 PM
From: Kelton  Read Replies (1) of 2153
 
Sometimes, market- makers are a necessary [evil].
What if my shrewd little order to buy 5000 shares of FENV at .11 gets filled Monday morning, while simultaneously, my order to sell 2500 gets filled at $7 ? There wouldn't be any more buyers after me until the confusion was settled, right?

Times like these you actually start to appreciate the market- makers for bringing about an order flow into the system, unfair as they often are.

One thing that I have been taught by a knowledgeable source about MM's is that many of the things they do are based on scripted routines that they program into their computers. Quite often, one individual manages a huge portfolio, and they don't have the time to analyze when or why a stock should rise or fall until enough pre-determined variables allow them to do so, such as what their inventory is and what other market makers are doing. So then, often times prices on the board are a direct result of pre-programmed responses by a computer to buys and sells and volumes and averages. I can't imagine impish little boys behind computer screens all day trying at every moment to fleece you. More likely, their behavior is based on mathematical computer predictions, albeit the variables are influenced by greed.
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