Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Allinder who wrote (57951)	8/3/2000 8:45:47 PM
From: Alan Garland Brown	Respond to of 150070

ALL,Read Tom's post 57951.He said it all!!!!!!!!! Big Al

To: Tom Allinder who wrote (57951)	8/3/2000 9:58:20 PM
From: gdog	Respond to of 150070

Tom By Jack Burney Published by OTCNN.com 07/27/2000 07:25 AM CST the Securities & Exchange Commission is proposing a new two-part rule that would virtually end Market Maker Manipulation. The rule would (1) Make brokers reveal which market maker they use to execute buy or sell orders for investors, and (2) Force market makers to post monthly reports that expose whether trades are being made at the best available price. Such a rule would subject any attempt at MM manipulation or excessive shorting to the light of public scrutiny, and, in effect, bring an end to the worst of the scourge that has suppressed stock prices, according to their stockholders, since March. The rule could go into effect before year’s end. SEC officials were shocked at the unprecedented deluge of investor complaints that flooded the agency when it asked for comments of a series of vague proposals for rule changes. OTC News Network joined the movement, to report its progress and encourage reform, and hopefully, added to the deluge. To the surprise of investors who despaired that the SEC would ever act, the agency’s regulators came up with a rule that strikes at the heart of MMM. It was vindication of a sort for investors whose complaints were ridiculed by some brokers and traders and paid bashers. The SEC said that in 85% of the trades made, investors do not get the best price. If a trade exceeds the best price by even the smallest increment – 6.25 cents – an investor loses $62.50 on a 1,000-share trade. SEC said it suspects that some brokers may be “selling” their orders to MMs who pay them for the business, instead of routing them to centers where the best price can be obtained. SEC action follows the settlement of a class action lawsuit brought by investors against Charles Schwab, the largest online broker, for failing route buy and sell orders to market makers with the best price, and failing to disclose payments received for the placement of those orders. gdog

To: Tom Allinder who wrote (57951)	8/3/2000 10:11:23 PM
From: Vision21	Respond to of 150070

Thank you Tom for your in site in the MM shorting stocks. If changing the cusip # on the stock symbol would make the MM have to cover that would be great. <<Things are changing but it will take time.>> I agree, I would like to see a level playing field for everyone. It took me 3 yrs. of trading before I started making real money. It is from the GL thread, learning from you & Bishop, & other great "DD" dogs. I just hate seeing newbies coming in and losing money because of the @$%$^ that the MM do by shorting. David

To: Tom Allinder who wrote (57951)	8/3/2000 10:48:53 PM
From: J. Nelson	Respond to of 150070

Maybe there would be no more free lunches, Makes one think! <<Maybe investigating the big firms costs too much....???>> :~) Check out PLSO when ya have the time....In a up move with nice news out today, lot's of room to form a large cup :~}

To: Tom Allinder who wrote (57951)	8/4/2000 5:27:30 PM
From: Eric Fader	Read Replies (1) \| Respond to of 150070

Hell, just sell, sell, sell... it is free money and free stock.... The stock you and I are buying is represented by a ticker symbol, # of shares in our account and a current market value... those same shares once you buy them shows up as cash in the MM's account. Tom - I'm sure that that portion of your post is not correct, but I think everyone would be better served if Gene the MM or another pro corrected you. (Maybe you'd want to pose the question on his thread.) I've traded through a MM for a long time and could start off with an explanation, but at some point I would veer off into something incomprehensible even to myself, and you don't want that <g>. Suffice it to say that MMs have requirements governing the use of their capital and a short position represents an obligation, rather than an asset. -Eric EDIT: Start with this from Gene: Message 14162078