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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: tsunami who wrote (41125)7/18/1999 1:16:00 AM
From: Anthony@Pacific  Read Replies (3) of 122087
 
Wrong again..I was a Market maker for 6 years so please dont try to tell me how thegame is played ..I would often sit on the bid and place a huge bid a 1/16 or eighth lower on INCA and 98.6% of the time noone touched it...It was a way to keep selling pressure off or buying pressure down ..when everyone watching level 2 saw those "big buyers and big sellers" just sitting there, when in fact it was all staged..at times we would be on the offer..look like a seller but really be a buyer through an ECN:

Example if I want to biuy 10,000 shares I dont throw a bid out for 10,000 thats a guaranteed way NOT to buy them..but If I display 5000 for sale and then have a bid for 1200 on the bid through an ECN..I will buy styock and then I just keep reloading my bid with neew orders ant stock I sell can be bought at the bid.
The fact that it can be hit at any second is meaningless ..very rarely does the ploy result in it getting hit..unless Im in the stock......see I decide when I think its topped and I will hit those bids on occasion and its always the beginning of the end..Someone is usually choking on it.. {Ive even gotten phone calls from the ECN who represents the other side saying , they accidentally did 20,000 instaed of 2000...blah blah blah... and I just hang up..I never break the trade ,.}and its usualy not me..and after that ,..it doesnt happen again in the stock Im trading

So before you make statements that you cant possibly know the answer to,, ask those who know ...It will help get that shoe taste out of your mouth.
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