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To: PAL who wrote (3953)1/12/1999 10:57:00 AM
From: Annette  Read Replies (2) | Respond to of 27722
 
So, do you think that there were a lot of inexperienced buyers that got into NAVR because someone hyped it to them and they just put a stop loss in so they wouldn't lose their shirt...
and that the MMs have a way of seeing those stop loss orders sitting there and they go down as far as needed to pick up the majority of them?
How do they make money on that? I'm still learning.... Thanks....

Annette



To: PAL who wrote (3953)1/12/1999 11:04:00 AM
From: HairBall  Read Replies (3) | Respond to of 27722
 
PAL: And if you think MMs don't manipulate and collude, you missed the rare SEC ruling this week. Of course only minor fines to firms and minor suspensions to the Market Makers. (3 months to 3 years)

Of course, it was more for show, if not these guys would be in jail, not on suspension.

Regards,
LG