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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: MIKE REDDERT who wrote (20938)	4/15/2000 11:08:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 29970

My recent reply to Eric should clarify the issue. In that particular passage, the seller wanted to buy at the 140 quote, Don't understand this sentence. but the MM needed to take it to 144 in order to absorb enough shares to sell it to the buyer at 145. This is illegal. The MM can't take it anywhere. They can only get on the opposite side of the public action when the public isn't available to do that in order to maintain a continuous orderly market. What you suggest is actually "bid-rigging", that is, if I understand what you've written. Actually I can't make any sense of it. As other potential sellers saw that 100K sold at 145, they would raise their booked limit higher, Day traders do this but they find they shoot themselves in the foot because you have to stay with your strategy or you blow yourself out quick. causing the MM to reach farther up the price latter to fill other orders. This is overt manipulation and is illegal unless you aren't phrasing properly what you mean. It is against the rules to bid or offer in interference with the active or passive public action.