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KnowProphet

08/26/11 2:58 PM

#40430 RE: hi898 #40429

I didn't say that either- I said I just added another 700,000 @ .0022, which was the ASK at the time, and that they had another 40,000 odd shares filled @ .0021and listed it as a sell- when in fact it was a buy.

Here's your investopedia definition:

What Does Market Maker Mean?
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.
Investopedia explains Market Maker
The Nasdaq is the prime example of an operation of market makers. There are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset.

Market Makers are Not just some guy, or day trader that manipulates the price- and they do certainly have licenses to do what they do. Just admit you threw out a bullsh*t explanation of what a market maker is....

http://www.investopedia.com/terms/m/marketmaker.asp#axzz1WA8n5yBy

KnowProphet

08/26/11 3:03 PM

#40433 RE: hi898 #40429

See if you can dig up that post where I said that for me- I can't find that one either.....

tbrays

08/26/11 3:09 PM

#40437 RE: hi898 #40429

i am flipping the dog poop out of this one, best 3 weeks ive had in a long time, dont own any 9s 11s or 13s anymore but have plenty of 15s. would love to sell about 2million shares this afternoon @.0025. im not an x broker, just an investor that learned the hardway. im sure ill be ridiculed but 3280.11 for the week isn't to bad. go ahead call me a flipper or maybe a swingtrader im sure ill get over it. by the way i added plenty of shares today. see you at the bank.