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

To: Rick Faurot who wrote (68)	1/20/1999 9:14:00 PM
From: Alan Stalter	Respond to of 429

Traders (Market Makers,Daytraders,Buy-side Traders,...) use Instinet all the time to try and move a stock in the direction they want (to produce a "headfake"). Happens every day !! Also keep in mind that MM's are trying to get the best fill for their customers to keep them coming back. Al

To: Rick Faurot who wrote (68)	1/20/1999 11:46:00 PM
From: KFE	Read Replies (3) \| Respond to of 429

Rick, I couldn't agree with you more about market makers being in bed with other. I worked some time ago at what was the largest market maker in the country and knew exactly which market makers were as you say "in cahoots". Have not been an active trader in some time, but starting to dabble again. Interesting article in this month's Worth magazine about NITE and how they only lost money three days in the last two years. That's about 500 trading days, no one is that lucky or that good. There is money to be made in trading but don't fool yourself into thinking that you can beat market makers at their own game, the deck is stacked against you. Keep the thread going and good luck trading. Ken