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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (8014)	3/7/2000 2:08:00 PM
From: Wayners	Read Replies (1) \| Respond to of 12617

They do a good job of taking the other side of any trade at SOME price--not a good price but SOME price. Anybody buying or selling at volume peaks is a fool--unless you're trading against the market. Thats what the MMs are out to create so they can fill or sell their inventories. Sometimes news creates it for them. Other times they have to manufacture it by pulling bids or raising asks in order to get the desired reaction towards a high volume area. Once there, they take the opposite side of the trade. I think they serve a useful function on the news side. I disapprove of manufacturing high volume areas or the use of collusion between market makers to cause the high volume areas to occur. Stuff like phone calls between market makers with code words like, "The seas are sure rough today"--meaning pull your bids to manufacture a high volume selling area need to be stopped. Take their phones away.