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Non-Tech : Market Makers - What They Do and How They Do It -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (355)	4/12/2000 9:40:00 AM
From: AlienTech	Read Replies (2) \| Respond to of 429

Some of these MM's are simply amazing, Was watching ICGE this morning.. The bids were going up and hit 58 1/4 last sale and some even at 58 1/2.. Then Robert stephan showed up.. Ask dropped to 58.. keeps dropping his asks by 1/2 each time to 57 1/2.. 57.. the guy was coming in like he had a million shares to sell at any price.. Dropped his ask to 56 1/2.. then 56 1/4.. 56.. This is even though there are bids above it. Sold 2 lots of 500 shares @ 56 1/16 and went back to his corner @ 59 1/2.. HUH WHAT?? Talk about bullshiet manipulations! How the hell do you drop the bid on multi billion dollar companies with daily volume of 5 mil 2+ points if you want to sell 1000 shares?????????? heh