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Strategies & Market Trends : DAYTRADING Fundamentals

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To: dpl who wrote (2800)8/14/1999 12:52:00 PM
From: TraderAlan   of 18137
 
David,

The part Bilow didn't answer ;-), yes you'd probably have been filled as long as buying/selling pressure were evenly matched at that spread. You need to enter ISLD shorts 1/16th above the bid. They then look like any other ISLD sell order. If someone wanted to buy CMGI at 82 and there weren't other orders in front of you, they would take your order out.

I tend to think of small prints outside the spread as dumb retail messing up but large prints as smart institutions. But there may be much better explanations, like late and inaccurate prints.

Alan
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