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To: JIN CHUN who wrote (559)12/29/1997 4:49:00 PM
From: Brad  Respond to of 27968
 
Hi Jin Chun!
I have been following various MMs to see how their individual bid/ask positions relate to movement in stock price.

MH Meyerson is a relatively small market maker that seems to "play" most actively when an OTC:BB stock is trading slowly and in low volume. They appear to short the stock (probably naked) and it has a tendancy to force the price lower.

However, at the first sign of significant volume, MH Meyerson jumps out of the way, probably covers to whatever extent they need, and remains "on the sidelines" until the heavy activity dies down.

They have found a niche market in which they can make money. But I think their "positioning" helps me in my buy/sell decision making.

MMs have been "behind the scenes" for years. I like having the opportunity to watch their maneuvering to see the effect on the price. It's VERY interesting!!

Best wishes,
Brad