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Howardhaftel

04/06/09 12:27 PM

#3307 RE: captschippy #3306

MM are Market Makers. They are the ones that trade the stock for the accounts
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Ogmios

04/06/09 12:28 PM

#3308 RE: captschippy #3306

http://en.wikipedia.org/wiki/Market_maker

In short: the firms that buy and sell stocks to and from us in order to make the OTC and Pinks more liquid. If there isn't much volume (buys or sells) on a stock, they can easily manipulate the price through low volume sells at the bid and ask. Also, they are pretty much universally hated.