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Strategies & Market Trends : Level II Trading

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To: Richard James who wrote (534)4/26/1998 11:50:00 AM
From: Darren  Read Replies (1) of 1086
 
I've heard about Goldman's "Anti-SOES technology," but I place little credence in it's ability to shake me out of a trade, because much like we cannot tell a MM's true intentions, the same can be said for our intentions...I think mostly they use 'camouflage' to hide large orders; buying in small blocks, selling first to drive the price down, etc.

While I am a huge fan of Level II, it is simply an indicator -- not a reason to be in a position. I do believe that you could piggy-back GSCO all day long and make money over the long term, simply because they trade so much stock, they can't possibly hide it all...
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