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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Lino who wrote (904)4/7/1998 9:15:00 PM
From: William W. Dwyer, Jr.   of 2120
 
Lino,

I am so sorry for the bit of confusion. When I wrote my first message to you, I thought I was replying to something Ken had written, specifically the remark you made "When you see large MM firms like GSCO or MSCO etc. controlling the inside market, watch the price spreads, that will give you some idea of where the stock may be going."

I meant to ask Ken what he meant by "where" the stock may be going, up,or down, or what. I thought he (or you) was trying to say that an increase or decrease in the spread might signal an impending movement up or down in the stock.

I was hoping to get clarification from you on this point, and I would even appreciate a comment from Ken if he reads this post soon.

By the way, I think this is a very good thread, and I also like Ken's stock chat-room very much. One of the very best I have seen in a long time.

Thank you (all) for your patience with me on this post.

WD
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