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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Richard Estes who wrote (6954)	4/12/1999 10:26:00 AM
From: BradC	Read Replies (2) of 12617

<Sites like fast trades provide volatility> Sure they may provide volatility, but it is a very unhealthy kind of volatility and a lot of people get hurt. Sure it is stupid to use market orders to chase a fasttrades stock but the fact is the thieving market makers are using those market orders to sell stock at ridiculous and unfair prices. This is as much a problem for the exchanges as the SEC. If a thinly traded stock suddenly gets hit with a massive wave of market orders it should be halted immediately until someone can figure out what the hell is going on. To allow the market makers to pull their offers and then start dumping a $1 stock at $5,$10,$15 or whatever is nothing short of criminal and has no place in a civilized marketplace. Just my two cents.

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