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

To: EL KABONG!!! who wrote (233)	7/30/2000 2:40:37 AM
From: Taki	Read Replies (2) \| Respond to of 1426

I did not want to say they caused it, but onces it started, i believe some of them took advantage of the decline to drive it even lower due to margin calls, to panic the investors even more to sell in the panic spree. Or are you going to tell me they were not, and especially on the BB stocks they made tons of money.We do know that 95% of them are shorting the crap out of the BB stocks that decline was the best time for them to make fortune, and if they decided to cover, man what a great price they did cover at, when they were shorting from the top all the way down. Take a very good look at all the BB stocks on their tops back in March, and where they were in April crash time, and where most of them are even today.Down big and we are talking 50% down and more. So the smart MMs made a killing. These were the best days to make easy money on the volatility.I know traders that took advantage of the decline and made a killing. That is because they had cash available. So if they did, why not the ones MMs that they got deep pockets. 90% of them on BBs stocks made a killing, and i mean a killing.If they did not, then it is time for them to change profession.Simple as that. And you know well, that when money gets out of the Nasdaq fast, you understand what happens to BBs stocks=Death warrant.Or you think the smart MMs did not know that.I could name you a lot of them. There are three or four of them that no many investors will ever figure them out.Smart man are they not? I can tell you a lot of shit that they do, and show it to you live, that will happen, before they even make the move themselves. As for conspiresy there are a lot of bad apples not just a few IMO.As for 100 trades, or fake bids to suck up investors, i can show it to you live and have show it to another trader. And also live of what the MM is doing i have told to the chat rooms. Do they mark good traders when they win trades one after another against them, you better believe it.Eventually when you kick some ass time after time, they start respecting you. My philosophy is:Buy low from that particular MM, and sell it back to him at a higher price time after time, and especially when he pisses off with his dirty games.But i love the challenge. I mark them down when i lose a trade to them, and make sure i get it back from the same guy many times what i have lost in other trades.They are after our money.But guess what? I am thinking the same. I can give you 100 BBs right now, that i think they made a killing on these stocks.How can they not.Common now man, let's not lie to ourselves. All of course is my opinion, after many years of following every move they make by the minute. At the least if the i lose to them and go broke, and ofcourse it could happen any time, i will know i was a fighter and did not give my guns up easily.I play fair.Buy low sell high. In the next post i will show you a ver sad trading day, that i could not believe a big MM went so low just to piss me off on these two trades.I was so pissed off at him that i went all the way to talk to the vice president to give me more shares on the trade. I will never forget that day.