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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (9812)	10/27/1998 8:51:00 AM
From: James Harold Alton	Read Replies (2) \| Respond to of 19331

Colin, Your point that we need some system such as the current MM system to provide liquidity is not the issue here. The issue is IMO that the system is often abused to the benefit of the MM's. A current example of this is the way that FAHN has been behaving the past several days. If he truly had shares to sell, you would expect to see him ride the ASK until he was done..that would be fair. Instead he goes to the sidelines each time buying comes in, only to reappear on the ASK and usually to force that ASK down several pennies, often locking or crossing the bid. This isn't "orderly" in my book, it's an example of a MM using his position to control the price of the stock, probably for his own benefit. In an orderly market, the price should respond to buying/selling pressures, not to MM desires that it be at a certain price. For whatever it's worth, I think that if FAHN is as short as I think he is, he is about to find out that DCTC is not just your average BB stock. (G) James