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Technology Stocks : Xicor ?
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To: stock talk who wrote (2292)7/9/1999 11:18:00 PM
From: steve olivier  Read Replies (1) of 2920
 
Sorry my mistake on the time. The question is did you follow them in the am as you posted? If you did and didn't cut your losses quickly, you wouldn't have felt too good when the stock was 3 1/2.

Thanks for the L2 advice. I have been using L2 for about a year and it is my experience that these second tier mm's you mentioned cannot be used to consistently make money. The buyer(s) will generally spread their orders around. IMO, the real value of L2 is if you have a top tier mm involved. For ex, SNDV makes a market in another small cap stock I follow and they control the stock.

I don't consider myself a real day trader but rather a position / swing trader. L2 is just another tool I use and if it saves me 1/16 on just one transaction per month it covers the $90.

Courious, are you doing "real" day trading through a day trading firm?
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