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Strategies & Market Trends : DAYTRADING Fundamentals

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To: OZ who wrote (8420)5/11/2000 6:35:00 PM
From: Dave O.  Read Replies (1) of 18137
 
I've seen a different game more recently. I'll see INCA bid 1000 and then ISLD immediately joins them with 1000. INCA increments by 1/16 and ISLD disappears. INCA then decrements 1/16 to the original (inside) bid. ISLD reappears at the same price. INCA increments again. ISLD disappears. Almost like a video game. This repeats over and over until more often than not another ECN or MM will jump over both INCA and ISLD at which time ISLD seems to disappear for good. INCA often then joins the inside bid or jumps over them. Seen it happen on quite a few stocks.

Dave
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