SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Bid /Ask Spreads - Market Manipulation

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kevin Thompson who wrote (63)9/8/1996 11:39:00 PM
From: James Rogers   of 308
 
Kevin--front running it is, and currently its legal on NASDAQ, but not NYSE.
That is, market makers can front run large orders, or, simply drop the bid
if someone is selling or up the ask if someone is buying. I would never
ever place a market order unless you are desperate to move some stock.
Use limit orders always. Then you're ok. By the way, if you move your
stock in 1000 block increments the SOES system more or less guarentees
that you will get quick executions if you buy at the ask or sell at the
bid. So, use limit orders, trade in 1000 share blocks, and you'll be
ok. Don't waste your time with the SEC. There's a lot worse going on
out there, buddy, its the wild west.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext