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To: TFF who wrote (5985)	12/9/1998 11:02:00 PM
From: Mark Davis	Read Replies (2) \| Respond to of 12617

I'm on the record as being concerned about the extreme volatility caused in MOSTLY half baked stocks by so called day traders. What you have here is an abuse of a system created to encourage two sided trading and reasonable speculation by informed participants. The pinheads lurking in chat rooms, are simply causing buying stampedes in stocks, that force MM's to lift prices. It's a form of implicit collusion. Hey boyz, you don't fix every horse race on the card and hold a public celebration after day is over. You're supposed to keep it subtle. Now you've made the big bad MM's mad, and they're not gonna let you play quite the same way. In other words you've blown it. I saw it coming a mile away. See: thestreet.com I assume everyone has made their million and doesn't care, but it would have been nice if we could have kept things a bit more civil.

To: TFF who wrote (5985)	12/9/1998 11:10:00 PM
From: CanynGirl	Read Replies (1) \| Respond to of 12617

What I've noticed the most, is that daytraders get no representation. Just blame. That article is a perfect example. It's a free market, let it stay free. MMs are suppose to be there when no one else wants to buy or no one else wants to sell. But they never are. Unless it's 5, 10, 50 points less then what you wanted. These people need to wake up. ECN's are going to rule in two years. And yes, no one will be there when I want to sell, but they aren't there now either.

To: TFF who wrote (5985)	12/9/1998 11:17:00 PM
From: Tim Luke	Respond to of 12617

if it wasn't for "us" day traders they would be out of business.

To: TFF who wrote (5985)	12/10/1998 7:36:00 AM
From: TraderAlan	Read Replies (4) \| Respond to of 12617

Taf, Not surprising that the financial press reports stories like this considering their operations are dependent on broker ad revenue. Unbelievable they can be so one sided. If NASD wants to revise the rules, let them revise the rules. But I find the MMs creating the "trader scapegoat" extremely offensive. What are they going to do next, round us up and throw us on a train? If you're angry, let the editor of TheStreet.com know: Dave Kansas dkansas@thestreet.com 212-271-4004 Alan