Thursday, May 19, 2022 1:51:23 PM
I agree MM’ers are and have the right to profit. Just like the truck dealership. However, the dealership price is a factor of Macro-economics.. and it’s never been more evident. Still, you have the right to refuse purchase, just like I have the right to buy Xall or not. The price of the truck however, is not at the total digression of the dealer. And your purchase, may not be either, factoring in availability, distance, similarities in other trucks.
Putting profit aside, the market maker is a paid position within a hedge fund , that is hired to MAKE MARKET. Period, that’s it! The profit he makes, is predicated on hedging…so he’s betting against the sentiment of the market. Well, he is controlling that sentiment, by manipulating the spread. He tightens the spread, hoping to generate a price run….and despite sentiment or outside influences, like a record breaking Qtr in revenue and net profit, he creates opposite sentiment (fear) by opening the spread. He doesn’t care if I sell, nor does he care if I buy more or hold. I’m just a micro part of the deal.
I’ve watched Xall long enough, and the OTC long enough, and we’ll just have to disagree.
If I’m wrong, I’m wrong. However, I don’t mind taking the time to pursue clarification, by having my lawyer write a complaint. It’s no skin off your nose, right? CDEL is controlling action, just like Macro economics play into our life.
Appreciate your opinion, and some of your advice about Ascm. I’m looking into that.
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