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

To: gene_the_mm who wrote (638)	8/19/2000 12:02:05 AM
From: Janice Shell	Read Replies (2) \| Respond to of 1426

But let's say it's applied across the board. That's what the MMManip people want, right? That their shitty little penny stocks be treated just like DELL or MSFT. Okay. So you've got this....THING...that normally trades about 20K shares a day, price about, oh, seventy five cents. And someone wants to sell 100K shares with a cap at two bucks... Just imagine. It'd go screaming up, and then as it approached the cap the daytraders would sell, and it'd go screaming down. All in a matter of minutes. Well, good for those with VERY fast execution, but not for anyone else, I don't think. Unless things got out of hand, thanks to the Morons. I can envisage several scenarios... all too horrible to contemplate. Have you been following the BIFS story?