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Re: cjstocksup post# 139122

Wednesday, 03/17/2021 11:04:24 PM

Wednesday, March 17, 2021 11:04:24 PM

Post# of 222696
Finally, someone who actually knows how the MM's work. Each MM has their own spread. They MUST buy shares within their spread, and they MUST sell shares within their spread. That's the law. And, of course, the OTC is automated, so that means MM's aren't even looking at any of these companies. And, every trade is recorded in history - shenanigans cannot be hidden. There is a direct audit trail to all trades. Even a high school dropout could detect malfeasance by MM's.
As to the trip holders, I am one of them too. But I would never put in a sell wall to hold the price down or to guarantee I could exit at a given price.
MM's don't have the ability to do such a thing, but shareholders CAN, and some of them DO. There are groups of shareholders, that set up both buys and sells at limits which can last for weeks at a time. It is those with shares that control the share price, not MM's, who don't even CARE which direction the share price goes, because all they care about is their spread, and that people are buying and selling. What they DON'T like is when it goes illiquid - no buyers/sellers. THAT is when they must trade amongst themselves to, uh, MAKE A MARKET, which is why they are called that.