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Johnnyvits

12/23/07 8:38 AM

#4246 RE: Johnnyvits #4245

Did a little DD myself and came up with some excerpts from Wickipedia:
A market maker is a firm who quotes both a buy and a sell price in a financial instrument or commodity, hoping to make a profit on the turn or the bid/offer spread. Most stock exchanges operate on a matched bargain or order driven basis. In such a system there are no designated or official market makers but market makers nevertheless exist. When a buyer's bid meets a seller's offer (or vice versa) the stock exchange's matching system will decide that a deal has been executed.
Other U.S. exchanges, most prominently the NASDAQ Stock Exchange, employ several competing official market makers in a security. These market makers are required to maintain two-sided markets during exchange hours and are obligated to buy and sell at their displayed bids and offers. They typically do not receive the trading advantages a specialist does, but they do get some, such as the ability to naked short a stock, i.e. selling it without a borrow. In most situations only official market makers are permitted to engage in naked shorting.

Most important thing I get from the above, is that "firms" can be hired to do this, which brings me back to my original question "Is this a Good or a Bad thing ???? Seems to put Companies and Stockholders at the mercy of someone elses interests.


Orangeman3

12/23/07 8:54 AM

#4248 RE: Johnnyvits #4245

Why would you invest in the market if you feel you are getting ripped off?? If someone came to my house every day and stole from me l would move to a different neigherhood. Invest in stocks like QBID ADZR and SLJB you are looking to get ripped off by CEOs QBID the S/O went from 7 billion to 140 billion in 6 months and the insiders made a killing off of the investors backs. ADZR if you cant understand filings you dont belong in the market. The company told you that you are going to get screwed with SB2 and S8 filings in black and white they said stock will be dumped on you. And SLJB the Russian scam they all promise great things and the SH ends up broke because they are all FOS these Russian penny stock co. Only the greedy pink investor falls for this stuff. And they also have one thing in common gagged Transfer Agents they are gagged so the investors cant see how many shares are being dumped daily. You talk about after hours trading where is there link that it exists for pink sheet or BB stocks??