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Non-Tech : Market Makers - What They Do and How They Do It -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (2)	1/17/1999 11:58:00 AM
From: Patrick Slevin	Respond to of 429

That's a nice reference article, Dave. You might ask some who are MM's and have a SI account to post something here. I believe Steve Goldman is a MM, for instance. I'm sure others were once MMs. Have to bolt, see you later.

To: jjs_ynot who wrote (2)	1/17/1999 12:32:00 PM
From: Edwarda	Read Replies (2) \| Respond to of 429

Dave, thank you so much for this thread! I have already posted it to a couple of people who simply seem to have no idea of what Market Makers do--and are willing to learn. Some of the posters on SI seem to have the most peculiar notions about what MMs are doing. Keep up the good work.

To: jjs_ynot who wrote (2)	1/17/1999 6:34:00 PM
From: AlienTech	Read Replies (2) \| Respond to of 429

>>Discussions of a Market Maker:<< This i spure poppy cock! What really happened was, In the good old days, like last year, They saw people comming to buy large amounts of stock. Figured heck they have 10 days or so to cover it, So lets just short it all the way up and just ride it back down. Problem was, With things like the major internet stocks, it just did not come down. Their greed with the other shorts always created a floor which was much higher than normal. >>Just like investors, MM Hate to take a loss.<< Yea well, thats what making a market and providing liquidity means. You get to make the big bucks, But you also need to put in money and quite a few times take a loss. If they dont want to do that I say get the hell out. We have enough ECN's right now to make all of them obselete. Just route ALL orders through an ECN, Some of the volatility I have seen shows they really dont provide for anything other than a useless way for the average person to pay extra to get his stock.