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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Lizzie Tudor who wrote (37403)4/29/1999 8:16:00 PM
From: Bonnie Bear  Read Replies (1) of 86076
 
I'm happy to own stock in the market-maker for your stocks..they will make money as it goes up, and they will make money when it goes down again. This I understand. Wall Street is a place where brokers sell stocks. The stocks they sell have to be priced to exceed that of the brokerage stocks in size and volatility, or they will have difficulty selling their own bloated stock into the 401Ks. Once in a while they all decide to short each other's stocks, and the rest of the bloatware, and start up the cycle again. They maintain a wide variety of inventory, and sometimes have to be very inventive to sell worthless merchandise at obscene prices. But that is their business, and they do it well. Just remember they make money on the short side.
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