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Microcap & Penny Stocks : BASHERS POST THEM HERE!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (298)	7/12/1998 5:27:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 390

You've been reading too much of the yellow press about Evil MMs. Certainly they're not saints, but generally they're just working stiffs. They widen the spread when volume's low, and tighten it when volume's heavy. For the most part they could care less whether they're buying or selling; they make money on the spread, which, of course, is why they can afford to tighten it in heavy volume. There's nothing MMs like better than high volume. I've spent time now and then watching time and sales, and I can't say I've witnessed the actions you describe. MMs have no objection to selling at higher prices, and buying at higher prices as well. It makes no difference to them: all that counts is the spread. But in any case, that wasn't what Byron was saying. Someone had posted that the extremely wide spread on whatever it was was the result of low volume and a lack of demand. B said the guy was a fool: it was in fact evidence of INCREASED demand, as investors were being made to pay a "premium". It was an utterly ignorant comment, and nastily directed at someone who was in fact absolutely right.