DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: LPS5 who wrote (10592)	11/6/2000 12:39:03 PM
From: Dominick	Read Replies (1) of 18137

there will be selling as well as buying on the way up (whether by some dealer or retail/institutional Yes, and he wasn't happy with that. Most of the trading will be done with institutions and ECN's and the MM's, who's job is to provide a market, will be able to shirk that responsibility if they so choose , while enjoying special trading privileges of a MM, via the elimination of the 150% rule. He also mentioned a strategy called "scoop". He gave an example using dealer NITE. Something to the effect that if you wanted to sell 5000 shares though NITE at 50 1/4, NITE would enter 100 shares at 50 3/16 and somehow you'd get screwed. I missed the rest of it. Any idea what he means? Thanks, Dominick

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