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To: proud dad who wrote (362)5/11/1999 3:31:00 PM
From: Pashoe1  Read Replies (1) | Respond to of 3519
 
If you are concerned about MM's there is a way to squeeze them. I seen it done to others stocks and it does work. If you are indeed a long term investor then request a stock certificate from your broker. This inhibits the MM's games because they make the money on the spread of the bid and ask and it is sometimes necessary to oversell an issue.

If you are not familiar with how brokers and MM's work, MM's are the holder of a stock security and the broker is the middle man. You request to buy from the broker and the broker will send the order to the MM. IF the MM has a tendency to non execute an order or is slow the broker will go to another MM. Hence oversold issues in the hopes that short termers will sell their stock that in essence does not exist. Of course with any business you want as little inventory as possible but enough to cover your production. So MM's don't want too little inventory (as in the case today) or too much inventory.

As ruthless as it seems we need the MM's and vice versa. But if we can ask for certificates we can keep the MM games to a minimum. I saw this with a small stock called AQCI and it is currently trading around 20 cents from 5 cents, but never came below 12 cents because of the support it had from its investors. Hence no 400% increase and 400% drop. It all boils down to if you believe in the company then it is an investment if you lose confidence then it will be a loss.