**OT**
Jay,
I am not in disagreement with what you say. My point was that on the NYSE, you order has precedence over every order placed AFTER it at the same price. The Specialist HAS to fill your order, if it is marketable (either a market order, or your limit hits and becomes a market order). He cannot move any orders ahead of you, even his own!
Different animal on the NASDAQ where MM's can shove orders for themselves ahead of you, and you may never get filled.
My point is, you have a much better chance of getting filled on the NYSE than the NASDAQ (all things considered).
>> (NASDAQ) ...and it is the only place you can buy at the bid and sell at the ask.
Not sure what you mean by this. The NYSE quotes a psuedo bid/ask. Place a market order and you will get it at that price.
>>The one way MMs can manipulate a stock (this only happens on small, thinly traded
stocks) is to trade among themselves, making it appear the price is rising, sucking in
buyers. Then they lower their bid/asks quickly. However, I think that this is
uncommon, it never happens with the larger stocks, and all of the market maker
conspiracy theories I read on SI are BS.
Why would you say that conspiracy theories ar BS when you just stated yourself that MMs can manipulate stock. I do agree that thinly traded stock are easier to manipulate. I don't believe the likes of INTC are manipulated. Cymer...I'm not so sure.
Regards,
Mark |
