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

To: Janice Shell who wrote (329)	7/31/2000 4:26:26 PM
From: LPS5	Respond to of 1426

I couldn't say it better. MMM seems to stand for one who proves himself Mindlessly (or Moronically) Manipulation Minded. In other cases, MMM perhaps describes the whining individuals as Misguided, Malcontent Minnows. Minnows, of course, being an appropriately similar (and alphabetically fitting) term for another small fish, the pike. Sometimes referred to as a piker. :) LPS5

To: Janice Shell who wrote (329)	7/31/2000 5:53:54 PM
From: X Y Zebra	Respond to of 1426

And then when the market corrected in March and April, it was again entirely due to the dreaded MM manipulation. And so they lost a LOT of money. Should they have sold? Hell NO!!! LONG AND STRONG!!! BUY ON THE DIPS!! AVERAGE DOWN!!! LOL... yes I remember the poor inhabitants of planet FTELIAN (FTEL/FCM)... I used to tease them and say: "Average down... TO ZERO" I also got involved in DCTC that was another exciting trip, on that one my involvement was brief (as it should have been), and made a killing, sold not quite at the top, but at the time when everyone in the thread was going bezerck (spl?) with dreams of world conquest --greed drunkards the entire lot of lunatics, rockets to the moon, Mars and beyond. Sadly, it took the gains on FTEL and DCTC to offset a loss I had in another of these fleas, the net was a wash, except for the invaluable education I received, not so much in trading stocks, as in the psychology of these crazy flea markets and its participants. A window into the human psyche that no University PhD program in human behavior could give me. Oh yes, and the fun... the endless minutes reading those posts and laughing until my stomach ached... The Amazombies come to mind, from Amazon Natural, the Indian, and the rest of the cast. Hollywood could not write funnier stories. Finally I decided that real companies were far easier to trade and invest --less laughter, but more money in the trading account, [not to mention less headaches, ability to use margin, the list goes on...] -- a fair trade <g> (Or as someone on that thread had it: the Wicket MMs, croquet-playing bastards that they are.) HAHAHAHAHA.... I played croquet when I was a child and I remember very well, every time I could, sending my cousin's ball as far as I could to left field hell so she could not beat me. I guess there is a little of evil in the game. This could force you to follow in the path of evil, like becoming a market maker LOL. [was it me that was evil ? --naw, could not be me, has to be the game]. They accept absolutely NO responsibility for their own actions. On the one hand they talk about "free" markets, but when they get whacked they whine for Daddy Government to step in and help them out. They are perfect targets for the promoters, it is amazing how they can rile them up and excite them on mere "hope", mirrors and other hot air. I am surprised they can not simply take a minute to understand how complicated these transactions can be, and the degree of risk they have to go through before they can actually make a penny. Perception is everything. For example, the general perception of the investing public is that options are complicated. Yet, a simple systematic selling of covered calls, based on a portfolio of established true blue chips, could be more profitable, less complicated and far more secure than one of those reg-s deals where hope and dreams is the foundation of the deal. Particularly in companies that their source of revenue is questionable at best, never mind the earnings possibilities. LOL.... The list goes on...