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Market Maker "MYTH" is being Passed Down from Monkey to Monkey?

May 12, 2011 6:38 PM ET
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The 'role' of Market Makers (within the US Financial Markets) has surely reached it's "use by date" and should be well and truly gone over with a 'fine tooth comb'.


This system is nothing short of being CORRUPT and authorities are failing in their duty to protect the $billions of hard earned retirement monies of workers (including their own),from around the world. (Yes & that's you and your next door neighbours.)

There are many examples that can be given that would include their, a deceptive practice of what I term as "short & cover".

This method of a MM posting a sizeable trade and then an equal total number of shares of that trade marginally higher & concurrently - - is surely a long way from being what is their statutary right to 'create a market', for whatever the listed Co's that they may represent/operate on behalf of and/or, are simply middle-man-ing.

Couldn't/shouldn't all MM trades be identified? By their simply placing an asterisk along-side each trade that they make in a day's work? - Or, being limited to just a 100 share 'movement', either way? The current system is very much 'loaded' in their favour. Being what is (& so much like Vegas operations are), a 'no-lose' situation.

A (this) simple comment made that the LOOK (Looksmart) share-price is being "Highly manipulated" - was made on the LOOK chat board today - over on Yahoo Finance.

Thinly traded

I then, quickly followed this post up with my own reply. - I beg all to take the time to read & understand the very simplicity of this kind of (what borders on) fraud, and think about asking why it is allowed to be conducted, daily.

Please do watch the video & then understand WHY it (the role of a Market Maker), has become an on-going practice. We need them, like we need ..... a 'hole in our head', ok?

My reply: http://tinyurl.com/447g46t

That video --> http://tinyurl.com/3gzer3l

Hey. If any 20/80 thinking readers would much prefer to subscribe to the (said to be) reality in the saying - that: "a rort is only a rort - if you are not in on it" - by all means, keep the system as it stands.

It's all about MONEY -

Yes ...... YOURS and mine

But if you feel that the 'picking of the pockets' of 80% of all ordinary fellow American people - is not 'fair play' (in this day and age), then you need to do something about it! - Change that corrupted system, asap.

Just an opinion, as always.

LOOK: 3:59PM EDT: $1.90  Up 0.04 (+2.15%)


Disclosure: Long LOOK and pretty happy.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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