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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Frank Buck who wrote (483)	11/8/1997 5:38:00 PM
From: Cisco	Read Replies (1) \| Respond to of 1894

Frank, I assume this is the Forbes article you were talking about: forbes.com I thought others on the thread might like to read it. It will certainly open ones eyes. The part that caught my eye was were it says that on 98.3% of Nasdaq trades the marketmaker inserts himself between the buyer and seller! I don't know if you ever watch ACMI trade early in the day. A lot of funny things goes on for about the first 45 minutes everyday. I monitor the quote using real time quotes on Waterhouse. Everyday it is the same. ACMI opens with an odd lot trade of 24 or so shares. I watch the volume gradually increase to somewhere between 10,000 and 20,000 shares and then the next moment it is back down to 424 shares from were it gradually builds back up throughout the day. Somewhere late morning the odd lot disappears and ACMI closes at the end of the day tading an even lot of shares. I have learned with ACMI never to trust the early numbers. Also I have watched the marketmakers drop the price to pick up some suckers then within 60 seconds or so the bid and ask is back up. The one consistent thing I have noticed is if the bid is raised overnight then the next day is a good day! This is why I use limit orders only, trade 5,000 or less shares at a time, and use only mental stop losses. I don't like to show my hand to the marketmakers anymore then I have to. If anybody is using a marketmaker of a stock as their broker for that stock, I hope they are guarding their wallet! Such is life on the NASDAQ. Cisco