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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (105968)4/15/2000 4:53:00 PM
From: Joe NYC  Read Replies (1) | Respond to of 1572194
 
Ted,

I am confused. So you are saying that you do not think that there are market makers on the NAZ?

No I am not saying that. But Naz has been reformed. In the past, you could only buy from MM. This means, you could only buy at MM's ask, sell at MM's bid. But now, the MMs are forced to report the best bid. So if your bid is better than MMs own bid, they have to show yours.

I think there were some reforms along the lines of preventing MMs to trade ahead of their customers, but I don't know the details.

When I say manipulated, the price is forced down by 4-6 pts for most of the day, only to pop up at the end and close up for the day.

Why don't you than buy in the morning, sell in the afternoon? It looks like perfect way to make free money. If I knew about this secret, I would put all my assets in this stock every day in the morning, and sell in the afternoon.

Joe