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Re: retiredtech post# 231763

Friday, 09/19/2014 10:09:03 PM

Friday, September 19, 2014 10:09:03 PM

Post# of 380500
stop blaming the MM's. It is the traders. The penny trader's long term is like 3 days max. They will take profit at 5%, 10%, 20%. The more expensive the pps gets the less of them are because they want 100%, 200% return so they will buy 0.0001 stock and sell at 0.0002. That's the issue here.

At one time I used to work in Investment Banking in Walstreet and I know how the MM's work. Most what u read on these boards are nonsense.

MM's will move the stock in whatever direction the market demand is. Their job is to create volume.

Experience is the most powerful tool in the world !