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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (11666)10/27/1999 4:20:00 AM
From: SnowShredder  Read Replies (1) of 59879
 
Hi Mark,

Just thought I would come out of ninja mode and say hi to everyone.

She is doing more studying on Level II

So when is the Teacher Jeanne going to give us a lesson on level II? : )

I talked to an options MM, and he was said that he only pays attention to Instinet to hedge his positions due to the liquidity...also that if you are watching a stock and all of a sudden it tanks a few levels for no visible reason...chances are that on Instinet some one posted to dump a bunch of shares(eg~50K+). On occasion he'd use this to drop the stock a few levels and then step in and hit the ask to buy up all of the sellers to fill his order...usually people don't test the size to see if it is legit or not... just like Cooper, everyone tries to step in front of size (but I wouldn't want to wait & see if it was real either : ). (Of course this may not apply to gizzards & I took it with some salt : )

Best of Luck,

Where'd He Go?
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