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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (21842)3/15/2000 12:26:00 PM
From: Dave Gore  Read Replies (1) of 25711
 
Thanks for your perspective, Joe. I tend to agree that most of the time, MM's do a pretty good job and it is not easy to make an orderly market. And yes, I was pointing out that they are overwhelmed with buying at times.

However, from personal experience I did not get a fill for 2 days through two different brokerage houses on a security I was trying to buy ABOVE the ask. Yet when I asked my broker to route through Herzog and Mayer and Schweitzer (sp?) the orders went through in less than a hour.

The floor manager I spoke to at Discover said that they were looking into NITE's execution time, which lately had been getting worse.

I also noticed really slow fills on stocks lately that has relatively small volume (i.e. FVSN) a couple weeks ago.

So I am not trying to put forth a big conspiracy theory, but on the other hand, I am hearing some troubling things from others too. It appears it is not all volume related.
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