Re: 13G is out... S/L: 23.7M sh...Sedley,
in response to
by
posted on
Feb 14, 2008 09:40AM
<so who has been selling every day regardless of the news?>
If there is no buyers and no sellers, the MMs do not make any money. In such a situation, who can they influence the most so that a market develops? See definition of MM below. Opty
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.