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

To: Threei who wrote (1172)	10/11/2000 10:58:42 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 1426

Threei, Plenty of people prefer to stay in comfort zone - "it's someone's fault, some evil intentions or unmanageable forces hurt me". And sometimes they might even be right. But guess what? It doesn't help! This, IMHO, cuts to the heart of the matter. Nobody here will ever convince me that the market is without a fair portion of the abuses many people complain about, or that I as an individual trader sitting in front of my computer am on an equal footing with the MMs and specialists. But I do accept that my success as a trader is not going to come from getting those things "fixed". It will come from learning how to do the best that can be done within whatever framework exists. If other traders can be successful with things the way they are, then so can I, or I have to just stop trying. With that said, I will also say that I find extremely offensive the arguments defending the status quo by saying only stupid greedy people who deserve to lose their money anyway are investors in fly by night companies that trade in the public markets. If the OTC BB stocks are nothing but a collection of rip off schemes, and that somehow justifies shady tactics used to separate people who are willing to invest in start-ups from their money, then there is something fundamentally wrong with the system that is being supported by the market establishment and it needs to be changed. Dan