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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: MARK C. who wrote (2257)	5/3/1998 9:54:00 AM
From: Secret_Agent_Man	Respond to of 50264

REPEAT, I AM TAKING POSSESION OF MY SHARES TOMORROW

To: MARK C. who wrote (2257)	5/3/1998 11:04:00 AM
From: macker	Read Replies (2) \| Respond to of 50264

MUST READ FOR ALL not only does it happen, it happens often. when there are many orders in front or behind you it makes the mm's think about what they may have to give up, time of execution is what is important here. this is because in many cases, mm's are waiting for each other to make the fill so they can raise their ask on the next one in line at market, they only have to fill one order at market before they can raise the ask. if you (judith) think that the calling of your broker will solve anything guess again, my broker called for his own order and was told to stand in line. do you really think that the ratio is always 5x5 as well, what a joke, the ratio should be much different in most hours of trading. they set this so as not to have to fill anymore than a 5x5 request. the mm's can also take as much time as they want when filling any order as long as they dont fill them out of order. and another thing, if the bid changes before the current ask is filled that is counted as a transaction that allows them to adjust the ask if they so desire, its a fill at the bid price but it was someone's ask, thats right another mm's. now for the fun and games part of it read this carefully: if a mm has a certain ask out there for which you placed a market order for with a 500 share request, what is to prevent them from selling an even cheaper request than market from another mm at a set price of the bid that is permanently left out there at all times as a safety net, he does not have to fill it because it is at a request lower than ask but is still always there, (notice this is not market) the mm has effectively filled an order at a request price lower than ask, filled an obligation of the time variable, and effectively allowing him to raise your ask price at market. what the mm's do is set price parameters before the market even opens to protect each other, its called working the spread. i know this for fact because my cousin is a mm at the chicago board of trade. so now you know one of my secrets for how mm's work and where i get some of my info. trust me when i tell you they have all the tricks, none of which are illegal, and more importantly, they can set safety nets in anyway they want. macker, a little steamed that some people think that everything is run by the book and is totally on the up and up, although somethings arent illegal they are rotten.