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Re: gail post# 215992

Wednesday, 05/01/2024 12:49:01 PM

Wednesday, May 01, 2024 12:49:01 PM

Post# of 218215
MM's are not traders. They don't buy and sell shares to make a profit on those sales. They are brokers, and cannot buy unless someone sells in their spread and they can't sell unless someone is buying within their spread. Each MM has their own spread, including how many they will process at that spread. If a buy or sell is at market, their spread doesn't matter. At "market" is basically a trader saying 'I'll take what I can get' for selling, and 'I'll pay whatever you want' for buys. Market buying and selling is the stupidest thing traders can do.
MM's don't care a whit what a company's shares do. They only care that there are buyers and sellers, else they have to step up and 'make the market' by buying and selling among themselves. That's exactly why they are called that.