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browndawg

10/05/06 11:32 PM

#110950 RE: scorpio70 #110934

As I have posted earlier, I used to trade in the commodities markets, there you knew that they would try to skim a little extra profit on the trades because we didn't have the instant commications we have now. Here, it seems, we have the instant information but the MM's can sell below what is being offered and there is no recourse to their actions. I nearly went broke complaining to the commodities officials one time about a really bad fill and then the pits traded against me for 4 days and nearly caused a margin call before the market corrected and bailed me out. Here it seems the MM's can do this everyday with no repercussions. What good does it do them to hold the prices down when the market obviously thinks the stock is worth more by buying at the ask? Can someone explain the rational of this to me?