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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs

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To: pressboxjr who wrote (79)7/23/1999 10:39:00 PM
From: johnsto1   of 112
 
By adjusting my Executioner software I identified Which MM's were on the hammer.Well that's nice but now I need to turn it into money.One thing I noticed,and would be interested in your thoughts,was that as NITE stayed at 30 15/16 until the stock backed down then NITE would back off about 4 places down as if to say "ok we spoiled the run now you guys take over and I'll see you at 29 15/16".So my thought was to short until NITE pop up on the bid.Whatever...my first day...is my theory relative to making money or a shot in the dark?
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