Trading the SPOOs with Patrick Slevin! Message Board

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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: Gary E who wrote (1412)	11/23/1999 8:03:00 PM
From: Patrick Slevin	Read Replies (1) of 7434

Gosh darn SI Problems..... You know what, I just re-read what I posted to Matt Jones and realized it's confusing so let me try again. Sideways Market. Bid is Large at 1414 by offer at 1414.20. I want to Sell Higher, but Matt is at 1414 supporting the Show (the Bid). So I bid One, only, at 1414.10 and the guy at 1414.20 moves off to 1414.30 Next trade on the offer ticks Stops at 1414.30. The Offer at 1414.30 moves to 1414.40 and someone comes in at 1414.20 on the Bid. Et Cetera. No Volume to speak of, the Real Market is at 1414.00 where Matt is waiting with a hundred lot. Me and a few others are running Stops and when they wear out we Sell it down to Matt and lean on his Bid. His Bid gets taken out, we are Short (from Higher up).....who cares? Meanwhile, the Mini gets spiked higher running Stops far past the spoo. Am I more Clear now? The other thing we'll do in P-Mail.

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