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

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To: Rashid Garuba who wrote (12106)12/10/1999 10:10:00 PM
From: Mike Sawyer  Read Replies (1) of 59879
 
Rashid, you ain't kidding about NITE being stealthy with their trades...when I sold 1000 CSRE today the trade never printed. I sold it when the bid was 5 15/32 x 5 1/2 : 1x40...I put in the limit order at 5 3/8 as there was 40 showing at that level and I did not want to risk not getting filled at 5 15/32. I was filled immediately at 5 15/32 for a nice price improvement...but the trade NEVER showed up...not even late! I called Jeff Crystal at eSignal to ask him if they were having problems with time and sales and he said no and asked why. When I told him what I saw he told me that he has heard that when eDrefus passes a trade through to NITE, sometimes NITE has it on the books and they have been known to not send the trade to Nasdaq. That will then keep others from seeing everything that is happening. That is why I have seen volume change on stocks when I did not see a print.

Oh the games that can be played! But when we learn to play the game with the rule writers we can make a nice living.

Cheers!
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