Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?

To: Alicia V. Johnson who wrote (1966)	1/3/1999 8:58:00 PM
From: Mark[ox5]	Read Replies (2) \| Respond to of 5102

Nope AOL is a NYSE stock... no "market makers" there... So you mean to tell me MMs dont naked short big time to bring the price down for 1/2 hour at a time? (to levels where the normal demand and supply don't make sense?) I've seen crazy things on NASDAQ and even worse on OTC:BB with MMs and prices dropping 10-20% (especially on OTC:BB) on just a few trades. I don't think they are "crooks" like a lot of people think; they manage order flow... I just think they have a major advantage in what they can see, and they use it to an extreme... Check out the practices of NITE sometime if you have a chance.. Personally it doesnt matter to me.. been doing this long enough to understand what will go on, but for the newer people (like you say the inexperience investors) many will be left out in the cold .. somewhere along the line. Mark

To: Alicia V. Johnson who wrote (1966)	1/3/1999 10:19:00 PM
From: Sly_	Respond to of 5102

I clearly get the impression that you are alleging that MMs manipulate the prices of certain stocks They do !! Sly_

To: Alicia V. Johnson who wrote (1966)	1/4/1999 1:24:00 AM
From: B. A. Marlow	Respond to of 5102

Hey Alicia, are you a broker? A talking head? A bureaucrat? Ever heard of Richard Ney? Markox5 is young and well, eager, but he's substantially correct; what's more, he's still learning... (And he will be the first to admit he actually has NO IDEA what will happen to DBCC's, or for that matter, any stock's price at any point in time.) But here's some compelling logic that may upset you. MMs and specialists respond to cash flow, not order flow. They do what they must to book a profit. Often, it isn't pretty. Too, they have unparalleled order flow visibility and resources--including huge leverage--generous rules and virtually no accountability. These are facts, not opinions. By implication, the question Markox5 raises is: "Do MM's and specialists provide an important liquidity function and do they maintain an 'orderly' market?" Twenty-five years ago, Richard Ney "just said no." In the interim, nothing much seems to have changed. Today, a lot of smart money says that the MM and specialist system is doomed. And maybe, just maybe, it is. Oh, an answer to your AOL question? Never mind. BAM