InvestorsHub Logo
Post# of 71722
Next 10
Followers 30
Posts 4021
Boards Moderated 0
Alias Born 08/01/2004

Re: CheezyTang post# 21812

Monday, 02/12/2007 7:50:51 AM

Monday, February 12, 2007 7:50:51 AM

Post# of 71722
Re PM: Right, a conduit or like an ECN, but it doesn't work perfectly. The line-up of MM bids/asks represent unsolicited orders from real customers. When there's none, they close. MM's juggle a few stocks simultaneously. Sometimes they forget and start making a market when they shouldn't. After a suspension, the system lets them slide in closing out any long or short positions.

NSS diehards should embrace greys and unsolicited pinkies because naked shorting is not allowed. LOLOL

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.