InvestorsHub Logo
Followers 5
Posts 645
Boards Moderated 0
Alias Born 02/22/2007

Re: None

Saturday, 03/10/2007 1:29:07 AM

Saturday, March 10, 2007 1:29:07 AM

Post# of 143047
I'm not sure if this has already been discussed, (I read a lot of the posts but not all of them) but is it possible the MM's that we are talking about being on board (first 2 MM's and then 3-4 MM's) be related to the new Forex platform Esprit is introducing. In studying up on Forex, it's a market that employees MM's and they usually use a sophisticated software package to keep track of everyone's positions and close out clients positions on Margin. It just occured to me that for the company to say, "we have 2 MM's on board" could very well mean MM's that are already interested in the Forex platform or being willing to recieve orders from the new product that Esprit will be offering. The one area I know the least about is the next Forex package that is coming out, but it seems within logic that it could have to do with the Forex product and not necessarily SS the stock and keeping prices down. Being an accountant/financial Analyst and being involved in implimenting SOx at a large company, to say you have two MM's on board when it comes to stock prices sounds suspect. Not that I doubt the company, I'm in long, I'm just saying, I can see a company telling stakeholders they have MM's on board for a Forex product much easier than I can see them talking about haveing MM's on board related to how the stock is trading. MM's are in it for money and I don't think they would just decide to oblige the company and not short it, but I do think they would use our product or recieve orders from our product - does that make sense? Maybe I'm just late on picking up on this, but from earlier posts I was led to believe that traders were thinking differently? Any thoughts?

Remember the Widows and Orphans.