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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: StocksDATsoar who wrote (57104)7/29/2000 9:24:08 PM
From: gs_  Read Replies (1) | Respond to of 150070
 
200MPH
Maybe I will be able to buy one after investing in the stocks from the Golden Lists.

GS



To: StocksDATsoar who wrote (57104)7/29/2000 11:01:49 PM
From: Taki  Read Replies (2) | Respond to of 150070
 
For all to read.Questions answers by an active nice
man MM.The one below is a good question, followed
by an answer from the MM.
To: gene_the_mm who wrote (51)
From: isoman
Thursday, Jul 27, 2000 12:04 AM ET
Reply # of 202

Here is a simple queston that I am realy tired of seeing plastered all over Ragingbull, so it would be nice to see a
direct comment from a Market Maker...

The daily chant on (insert favorite OTC here) if the stock is say 2 cents, they (the touts) are yelling, put a GTC
order in for $2 it'll stop the MM from using your stock to short.

I say this is phoney baloney and that you guys, #1 don't need their shares to short, and #2 you can't see
everyones orders like that, just the ones that our firm is handling.

In other words, mash could see any SCH orders.

Answer from the active MM Gene.
To: isoman who wrote (93)
From: gene_the_mm
Saturday, Jul 29, 2000 10:09 PM ET
Reply # of 203

ISOMAN...REGARDING MM SHORT SALES AND GTC ORDERS...

As far as I know these two things have absolutely no relation. MM's are essentially just exempt from short sale
rules. Thus, it is unnecessary for them to borrow shares (as far as I know).

While I never take home any large short or long positions, I know that I NEVER have to ask to borrow larger
stocks to short. Thus, smaller stock (i.e. BB's) would not be affected by calling in certificates or attempting to tie
up stock held in street name via a limit order.

Aside from all that I am simply tired of the conspiracy theorists who only want to believe that their stocks go
down only because MM's short them. There are even those that go further and claim mass collusion and that the
MM's actually caused the decline in March-April. If any of you reading this thread believe this to be true please
feel free to comment and explain why. I have never 'bashed' anyone for stating their opinions when they are
based on fact. As I stated in my original post my biggest motivation for posting here was to help people gain a
better understading of how the markets REALLY work (not delusional conspiracies fabricated by people who
need a scapegoat).

Thanks for the post ISO.

All the best,

-- Gene