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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (42694)	2/26/1998 9:19:00 AM
From: RBM	Read Replies (1) \| Respond to of 55532

Ron, While I partially agree with your thoughts on Market Makers, whether they cut each other to pieces, their ultimate goal is to make money. Unfortunately there is no limit to the amount of money they can make or lose. (at least thats the way it should be) However, MM's have the unfair advantage of being able to work the orderflow. If That isn't enough they then, when they get caught with their pants down, have the ability to call another MM and say, hey I need a little help here, this stock is killing me. You can believe what you want about my experience, as yes year wise it is limited, (only 2 years of intense research, and 6 overall.) But my unique experience has lead me to sit with some pretty awesome daytraders. And these are the guys that are making 3000 to 20000 a day depending on the market. (basket trading, momentum, you name it they do it.) One guy I learned from, Mark, has actually co authored a book on the subject. He has several acquaintances that are market makers, and when we spoke about the subject, he said they were dirty. Mind you these are people he had dinner with, hung out with, partied with. Now Mark would never touch a penny stock, basically because he had the capital to do whatever he wanted. When we talked about the otc-bb and I asked him why he wouldn't touch it, he said it was because there was no real accountability for the companies (this we know) and because the MM's in the pennies would rape a fly if they could make some money out of the deal. Sure a Market Maker would love to cut up his opposition for fun, but when we control 99% of the float, and they can't make money on it, or they can cover--we'll you know as well as I do what route they are going to take...make money, no one is going to stop them. Market Makers send out the damn sell sheet to the brokers on the rest of the boards.... now theres a kick in the axx for you. Now of course I can prove this, but hey anyone can sit around and watch a Goldman or a Meyerson sit around a collect piles of a stock over a few hours or a few weeks on level 2. And then low and behold a whole crapper full of customer orders pass, and who do you think is on the ask? Rob