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

To: steve phil who wrote (11004)	11/14/1998 12:05:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 19331

steve, Oh, that guy, himself. Who knows! (g) Yes "all" MMs short. Wholesalers for the reasons given in your link i.e. orderly market and others for their own reasons. There is no such practice that every MM must first acquire shares in his inventory and then only sell once he has a long position. Or if he is "flat" that he may only bid for stock or cross-trade with an offer. MMs LIKE to be somewhat flat. They aren't there to be an investor in every one of their stocks, stocking up inventory like some grocery store waiting for the public to come in and make purchases. They also can't just sit around waiting for both a buyer and a seller to call him up at the same time so he can cross their orders either! -------------------------------------------------------------- If that's what you meant... Or I could also read your message to say you believe that MMs can have "more sinister" ideas in mind, and short a stock accordingly. If that's what you meant, "THOSE" guys are far and few between, but as we all should know they exist "everywhere" in this industry. They target those stocks to go on the attack against. That's a whole other world from what the linked message was taking about. Though - it works the same pretty much, just the slimers don't necessarily cover on the pullbacks. They expect to go for the big score, and hold for a bigger drop in price. The worthless SEC lets them operate this way with de facto impunity. Colin