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Pennies to Dollars
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I've seen this acronym used all over the message board, but I'm still unsure as to what it means. Could somebody please explain it to me? Thank you in advance.
Posts: 798 | From: New Jersey | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
Machiavelli
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MM's means Market Makers.... they are brokers/dealers... they buy/sell stock for their own clients and also for their own accounts... Goldman Sachs is a example of a MM... MM's are usually in the Nasdaq market and as the name implies they "Make a Market" for certain stocks.. buying on the "bid" and selling on the "ask" ...
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Pennies to Dollars
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Thank you, Machiavelli.
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alen2500
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Speaking of buying and selling. Does a person always have to buy a stock at the asking price and sell at the bid price? Thanks....
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crappycrapper
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Place a limit between the ask and bid and see..

I get them all the time.
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alen2500
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Thanks for the help.
Posts: 10 | From: MISSOURI | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
   

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