TheDirectory.com Inc (SEEK)

[hi898]

Why don't you read the entire thing next time and
not the first sentence of the paragraph. Re-read my last post and read the whole thing. And never use wikipedia as a source. Maybe link me to investopedia.com next time or some reputable website.

Specialists aka: market makers make $$$$$$$ on the spread. i.e. client calls up the broker to buy XYZ stock at $25, the specialist then tries to get anything lower than that on the exchange, and if he executes it at $24.90, he makes a $.10 spread profit. Also, sometimes, market makers have to short their own inventory of the stock, thus they sometimes drive the prices to fill their 'buy to cover' at a lower price'. I can go on forever...

See, you already have a biased view on my posts, because I am just trying to be realistic on SEEK. You have some serious attitude problems because of my negative opinion? I was just trying to help the guy out.

In the United States, the New York Stock Exchange (NYSE) and New York

In the United States, the New York Stock Exchange (NYSE) and American Stock Exchange (AMEX), among others, have Designated Market Makers, formerly known as "specialists", who act as the official market maker for a given security.