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

To: Edwarda who wrote (22)	1/18/1999 12:08:00 AM
From: AlienTech	Read Replies (2) \| Respond to of 429

>> I am in the business and what Dave is posting is good information about how the MMs can make a difference and when they cannot. << Maybe that was how things were a few years ago, But seeing PSIX down 6 on 100K shares after a run up of 5 points on 4 mil shares the previous day makes me kinda weary on their motives. In fact the option specialists knew this as the price on them barely budged for such a huge drop. >>They are not evil. They are trying to make some money -- a little Rdyard Kipling, "Just like you and I."<< Thats fine and dandy. The only problem is, most of the time they are trying to make money off YOU and they dont provide the services they were set out for in the first place which is an orderly market. I think just letting the market run wild makes for a much more orderly market than the ones I have seen where the MM's start walking a stock UP and DOWN just so they can make money rather than letting people buy and sell shares.