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Non-Tech : Market Makers - What They Do and How They Do It -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (373)	7/31/2000 7:33:18 PM
From: Tom Allinder	Read Replies (3) \| Respond to of 429

Thanks for that post Savant... While I feel that the problem with the market is not rooted entirely with MMs especially NITE and HRZG, they do certainly contribute strongly. In the article, it describes how the MM knows exactly where the stock is going before it goes there... There is no way we can compete with this... however, I am URGING traders and investors to get away from online accounts exclusively. By this I mean opening an account with a firm that makes markets in OTCBB stocks. This can help level the playing field... Not completely level the field but for now it is as close as we can come. The article describes what can only be classified as criminal behavior... however, there are no rules to keep the big MMs like NITE and HRZG at bay. IT is frustrating when you are into a stock that is moving up then see NITE and/or HRZG come down on the offer. I usually sell because I know the game is over. These guys can sell shares until the cows come home and never have to cover a short position. Until we have ECNs and the SEC stops coming after the little guys and goes after the big trading firms, I am afraid we are swimming upstream. You have to sell when NITE/HRZG start selling because you are headed lower... 9 times out of 10. Tom