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Strategies & Market Trends : Level II Trading

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To: Street Walker who wrote (75)	2/4/1998 11:28:00 PM
From: ExCane	Read Replies (1) of 1086

Street- I don't want to sound like the defender of MM's but feel I have to make some comments on your post.... "After ALL buys..and NO sales (truely "HOT" buying), the mms' dropped the bid from 10 3/4 to 10 1/4 then to eventually 9 3/8." If the MM's didn't have stock for sale, what MM's would want to take the risk of being short that much stock? "When bad news hits a stock and it's on the loser list, it reaches a certain level and strong buying occurs, with no sells....Don't engage in this battle!" Ever hear of sellers? big sellers coming in over and over? "When good news comes out, MM's will drop the price to activate the stop losses and acquire shares, before making a run up in price." How do you know this? Are you doing a reader of this thread a service with this paranoid fantasy? Let's hear about Level2 trading. Otherwise no one will trade against these MM's if they follow your scenarios. Let's hear a sound safe scenario, if there is one. -Alex

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