To: David Smith who wrote (6480 ) 6/4/1999 1:17:00 PM From: dtech114 Read Replies (1) | Respond to
Yes, $250,000 is "CHUMP CHANGE" for institutional MM's and some individuals, but what I was inferring is that given my limited time to observe the market I was offering a friendly opinion regarding a relatively "sizeable" purchase. As most of us know, large scale institutional executions usually require some time to process and are often executed in "batches". Hence, in having been able to read between the lines of my post (i.e. Smells like MM money") this is what the $250,000 was an indicator of. Given the circumstances I know my opinion is no more absurd than yours of some Joe Blow covering a "small portion" of a short. However, your statement that MM's don't care if a stock is cheap or expensive is truly absurd. This may be the case in a crude and simplistic sense of investing instances(i.e. Internet trading or discount brokerage, etc.), but most true and reputable MM's are responsible for managing an individual's or institution's money efficiently and effectively. In case you couldn't figure it out, I am not talking about someone who merely executes trades that are spoon fed to them.
