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To: jhg_in_kc who wrote (57843)8/12/1998 5:39:00 PM
From: CRICKET  Read Replies (1) | Respond to of 176387
 
jhketc.,
MM means Market Maker, for example, Merril Lynch, DLJ, etc., and you better believe these investment houses can call eachother and plan strategies for running a stock any way they want. It's collusion, and very difficult to prove. It is illegal. There is no true bidding for shares in the NAZ , which means there is much more graft in the nasdaq market than on NYSE, where it is a live auction process.

This I learned from an ex-broker who got caught in the middle of this stuff, and is no longer a broker. You simply have no idea how dirty it gets.

Cricket