SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dako who wrote (7447)6/29/1999 10:21:00 PM
From: Mama Bear  Read Replies (2) of 20297
 
"Going back to 11am today, you can see that MLCO never ONCE offered more than 100 shares and were apparently never taken even once. "

That's for the SOES rules. Just because an MM is only showing 100 doesn't mean that he doesn't have, or isn't in fact selling shares. The 100 share limit isn't that uncommon in volatile stocks, it's how they keep from getting cleaned out by the SOES traders. Further, most mm's that pay for order flow will match the inside, so that's why you can see shares trading while only 1 MM or ECN sits at the inside. Trades below the inside bid or above the inside ask are usually crosses on ECN's. We see them at times of heavy trading to one side or the other because the mm's ignore the ECN's, so the motivated trader hits a preexisting limit on an ECN. There really is a rational explanation for it all.

Barb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News