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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: steve goldman who wrote (923)4/11/1998 9:48:00 AM
From: Dave O.  Read Replies (1) of 2120
 
< Given the great day on Friday that the internet companies had >

Watching YHOO near the close was interesting. Someone on INCA was showing 50K size and as soon as he was best bid someone would go 1/16 better. INCA would update and someone would go above him again. I think the stock moved almost 2 points and I'm not sure he ever got filled. Probably cost himself $100K. Watching it move so quickly after it was up almost 16 was amusing.

Dave
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