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

To: DizzyG who wrote (348)	8/1/2000 10:36:08 PM
From: Sam Scrutchins	Read Replies (1) \| Respond to of 1426

>>>> I am amazed that the hype-o-meter always seems to get turned up an extra notch when we approach the end of the month. I'm not really sure what all the noise is about. <<<< Sorry DizzyG, as I approach the end of this thread, I am getting somewhat punchdrunk. I thought the hype, except for quarterly mutual fund purposes, occurs primarily around opitons expiry. Am I wrong?? Sam

To: DizzyG who wrote (348)	8/2/2000 9:42:06 PM
From: gene_the_mm	Respond to of 1426

REGARDING MONTH END MANEUVERS... The only comment I will make regarding those statements is that any such activity is considered a manipulative act ("walking" down a stock or purposefully trying to 'mark' stocks) and the SEC would not take such actions lightly. Does it happen? I don't know, however, FUNDS do what is loosely called 'window dressing' for their quarter ending books all the time. The difference is funds are almost ALWAYS buying stock to move the price higher. If any MM's are doing such activity they would have to sell stocks at the cheaper prices they are marking so for 'true believers' this really should be a buying opportunity. I have no comment either way as to whether this does or does not legitimately happen because the only way to tell would be to actually SEE the positions of those firms. In any event, as a TRADER if I thought such activity was taking place I personally would not want to touch any such stock that appeared to be in the process of going lower at month's end. Just my opinion. All the best Diz, -- Gene