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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Rommy B. who wrote (3049)	10/22/1998 10:58:00 AM
From: HairBall	Read Replies (1) \| Respond to of 8307

Rommy: My man, you have learned....<g> Go to my profile and read the Richard Ney article in my favorite sites area, when you get a chance! Always keep a stop loss in place! You can always initiate a new position! BWDIK Regards, LG

To: Rommy B. who wrote (3049)	10/22/1998 11:15:00 AM
From: James H. Irwin	Read Replies (1) \| Respond to of 8307

You gotta love capitalism don't you. Hey these guys are no smarter than any of us. They buy'em and sell'em, generally their shooting against a customer order so that's where their edge is (keeping the spread...hopefully). However, we can take advantage because we are smaller and supposedly more nimble. Anticipate what the MM's are doing and take advantage. You said this in your post: <<he can sell shares that he either borrows from other MM or that he doesn't have at all (naked shorts). AND get a bad reputation with brokers>> One he has to perform for his customers...that is what he gets paid for. If he doesn't Nicholas Applegate or Fidelity will hang up and punch another brokers number and say, "I got 250,000 to buy, how much will you sell me "in line" to work the order." Also MM's don't have to borrow from other brokers if he is a primary MM (meaning he is active in the name). And he doesn't really give a flying f___ about other brokers, because it's dog eat dog out there. The brokerage business has changed sooooo much because of the amount of information the retail/individual investor has at his fingertips. MM's don't see 10% of what you can gain access to because he is too busy trying to work orders in anywhere from 8-20 stocks. These guys just ain't that smart! I know many of them. If you can ever get a copy of a "NY Traders association publication, you'll see what I mean).