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Strategies & Market Trends : Level II Trading

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To: Darren who wrote (420)4/10/1998 6:55:00 PM
From: Pierre Borczuk  Read Replies (1) of 1086
 
>Also, if you make an ISLD order on the inside bid and INCA (or some >other market maker) refreshes behind you, consider cancelling the >order. They are using you as a fodder wall to get a lower price, >hence the stock will usually roll down at least one tick before it >moves back up, if at all

What do you mean by this?

ISLD 34 10 GSCO 34 /18 20
INCA 34 10 NITE 34 1/8 10

Is this the setup you are referring to? or a situation that INCA now vanishes at comes back at 33 7/8?

Pierre
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