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WASHINGTON MUTUAL Message Board

  • pac_handler pac_handler Jan 5, 2010 10:22 AM Flag

    Love it........

    What I love about this action is that it's so predictable! Newbies and day flippers confused and frustrated....here things like "damn MM's", "pump is over", "why is it going down?", "should I sell?".....whining and more whining.

    MM's are there for YOU....not against you. When you losers place an order, where do you think it goes? I'll tell ya where it goes, it goes to the MM who has a fiduciary responsibility to make best efforts to get you your price or better, and goes to the bid or takes the offer. They are there to support order flow. They may post small trades of their own to "sniff" out other MM's to see if there is any depth beyond what is posted before they show their "large" orders, otherwise they could care less...and I repeat, they are there for you!

    How would the market trade if it wasn't for a MM? Who would represent your orders in the MKT? Just so happens, the MM's you detest are the same ones representing your shares.....most have deals with the very same BD's you domicile your account. Dah..they are there for you. Manipulation theory is crap. MM's by law have to provide an end of day file to the NASD stating exactly who bought how many shares for every transaction throughout the day. If they themselves are "buying", it will be fully disclosed. Final note, MM's can't go to the BID or ASK without actual shares. They can not make "ghost" bids or offers. It is illegal and they can't do it.

    If the price is dropping, it's because you bozo's are selling and guess what, there's no buyers!!! Ever heard of "supply and demand". You are the very same idiots that were driving the price up! No sellers!

    Get a clue before you spout out your ignorance on this board, which happens to be very sophisticated for the most part.

    Stocks will eb and flow, the real story has yet to be told....soon though!

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