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Strategies & Market Trends : Rande Is . . . HOME
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To: KevinMark who wrote (35009)9/15/2000 8:09:11 AM
From: KM  Read Replies (2) of 57584
 
Kevin: The market makers and institutions are already hiding in ECNs and have been doing it pretty regularly for over a year now. It's kind of funny in a way because if you stare at the level 2 screen on particular stocks day in and day out, you can see what they're doing. REDI and ARCA, for instance, are favorite ECNs of short sellers. For instance, on a stock that was followed pretty regularly here, CICI, back in the spring, when it was over 6 bucks a share, it was attacked every single day by gangs of short sellers using ARCA. Huge blocks of ARCA orders would be jammed into the inside ask interrupting the normal order flow and forcing the price down, as ARCA goes on selectnet and hits all the bids. The same thing is done on other stocks I watch every single day, often as a ruse to stop a momentum run, which fails in a lot of cases.

I would think that only inexperienced daytraders would be fooled or scared by some of these tactics. The rest of us will find ways to read and profit from it.
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