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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: Banditjrjr who wrote (2110)	1/28/1999 11:32:00 PM
From: Alberto B. Plata	Respond to of 5541

Brokers just take your orders and execute them Market Makers is exactly what it means. They create the market by buying and selling. I sell to the MM - and he sells it to you- that is if you are a buyer,with a little profit(usually the spread). and vice-versa. he can accumulate or he can unload his inventory.

To: Banditjrjr who wrote (2110)	1/29/1999 12:30:00 AM
From: CrazyTrain	Respond to of 5541

MM means Market Maker - This means they agree to make a market in a particular stock to provide liquidity. They are supposed to provide a bid and ask price for every market they are a MM in. Read the book "The Electronic Daytrader" if you want to gain some insight as to how the MM's operate. They will often sell shares they do not have and then try to cover at a lower price. They come out ahead 98% of the time in penny stocks. If they are short and have trouble covering then they will usually raise the ask price much higher and short more figuring they will be able to bring the price down to where they can make money. When you see the tight spread MVEE has had today (.001) it is a good sign of accumulation by MM's. They do not accumulate stock unless they think it will go up soon. This is my viewpoint and I could be wrong.