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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Druss who wrote (101)	7/29/2000 10:20:54 PM
From: gene_the_mm	Read Replies (2) \| Respond to of 1426

REGARDING LARGE AFTER-HOURS SPREADS... Druss and others... BEWARE! After hours trading policies are based on very limited supplies. MM's have the option of participating or not participating (almost all DO NOT participate - very, very few participate in this late-hours market). Therefore, most of the trading activity in after-hours is done by day-traders and investors, with very MINIMAL MM participation (mainly because most professionals are done at 4:00 and have no desire at this point in time to trade US securities 24 hours a day--though that may change as the US market melds into a global stock market, this might not be that far away after all...time will tell). With only smaller investor participation the bid and ask you see are the 'best prices' around for that late time of day. Remember, no MM is in there to provide some liquidity or take the other side of the market (if there is none). The words CAVEAT EMPTOR are used by the NASD to explain to investors the risks of participating in any after-hours trading/investing. CAVEAT EMPTOR = Buyer Beware <=== My advice exactly Hope that helps you Druss. All the best, -- Gene