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To: AHM who wrote (758)7/2/1998 2:07:00 PM
From: Robert Knight  Respond to of 1510
 
No that is not what I have said. For the sake of not belaboring a point, I wish you well with your investment in IMNR.....

Robert



To: AHM who wrote (758)7/2/1998 6:27:00 PM
From: AHM  Read Replies (2) | Respond to of 1510
 
IT'S NICE TO FIND CONFIRMATION FROM A CREDIBLE SOURCE of what I have been posting today which has been subjected to much criticism from those who are looking for market makers to blame when it is the market that is acting normally. The following is excerpted from an IMNR posting on Yahoo (Message #2295 for full text and source):

QUOTE:
I also question the fact that the market makers are short hundreds of thousands of shares. They don't have that kind of capital. A trader can lose his job by being on the wrong side with too many shares. I think a lot of us are looking for someone to blame, and the market makers are an easy target.

I hate to defend them, because I personally wouldn't trust them as far as I can throw them. But they tend to trade on the basis of the orders they receive. They are not going to go out on the limb with the firm's capital too far.

I worked in a trading room of a small OTC firm a number of years ago, and they played it pretty close to the vest. Even when they wanted stocks to go up, they wouldn't throw themselves on a land mine. They don't want to be out of a job.
END QUOTE

Enough said!!