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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Witold who wrote (29321)	2/20/2000 4:33:00 PM
From: Eric Fader	Read Replies (1) \| Respond to of 150070

I don't agree with the whole thing, but by and large that's one of the first decent explanations of MM activity I've seen. I trade through 2 different wholesale MMs, and I have to laugh at what most ignorant OTC-BB buyers think the MMs do. My favorite idiotic statement that I often see is "the MMs are loading up!!" Wholesale MMs almost never "load up" - they generally like to hold as little inventory as possible, because it depletes their capital. They much prefer to sell the stock short to a retail broker, then go high bid to cover.