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Non-Tech
Meet Gene, a NASDAQ Market Maker
An SI Board Since July 2000
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Emcee:  DizzyG Type:  Unmoderated
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ReplyMessage PreviewFromRecsPosted
1126Gene, judging from my experience what you say is very correct. About one year agThreei-9/28/2000
1125smchan, my broker (Preferred) does get trades filled through NITE in the manner Jon Tara-9/28/2000
1124<i>One of my first decisions with preference orders is to MOVE out of the davealex-9/28/2000
1123I am assuming that AUTO-EX is automatic (computer) order execution when you hit smchan-9/27/2000
1122Iso- LOL, of course. LPS5LPS5-9/27/2000
1121There are none, unless (a) the firm decided to actually take ownership of the shLPS5-9/27/2000
1120Gene, <I>The reason an MM fills you for more than his displayed size is tDan Duchardt-9/27/2000
1119Yeah but don't forget you have to deduct the expense of paying all those mesISOMAN-9/27/2000
1118LPS5, <I>Or, a stock may be trading at 50 to 50 1/2, and a seller of 100,Dan Duchardt-9/27/2000
1117OK, I'll take the bait. What is E-Nite?Jon Tara-9/27/2000
1116COMPRADUN... Be careful. It sounds like the daytrading shop you refer to is dogene_the_mm-9/27/2000
1115COMPRADUN... One of my first decisions with preference orders is to MOVE out ofgene_the_mm-9/27/2000
1114Hi Gene: There is a daytrading shop here in town that allow the customer/tradercompradun-9/27/2000
1113Hi Gene: Thanks for the thread. I often preference MMs and I have found many ocompradun-9/27/2000
1112VERY WELL SAID LPS... All traders should re-read LPS's last post. Grace ungene_the_mm-9/27/2000
1111WELCOME TO SI BOB... BEEN A WHILE... Good to see you made the 'transition&#gene_the_mm-9/27/2000
1110YES... $100,000 would not be enough capital to make markets (without setting ofgene_the_mm-9/27/2000
1109HI MIKE... There is absolutely no significance to the number 2600 [except I thgene_the_mm-9/27/2000
1108A constant theme in Hemingway's novels was the importance of gathering - or LPS5-9/27/2000
1107Hi LPS5; The last time I remember busting my "allocated risk" on a trBilow-9/27/2000
1106In my experience, anything over the risk allotted per trader would have to be apLPS5-9/27/2000
1105Thanks for the response. Are there instances where the trader wants to take on aRobert Cohen-9/27/2000
1104Hi Rob, I really can't, because it varies from firm to firm. The variance oLPS5-9/27/2000
1103Can you comment on the frequency of market makers maintaining a sizable inventorRobert Cohen-9/27/2000
1102A dealer can be sitting at his desk and get a call saying that one of his institLPS5-9/27/2000
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