From the Trading Desk Message Board

STOCKTALK

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.

Strategies & Market Trends : From the Trading Desk

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kimberly Lee who wrote (3058)	5/17/1998 2:43:00 PM
From: steve goldman	Read Replies (1) of 4969

Nasd rules state you cant cross or lock the inside market in a stock without first trying to acquire shares reasonably. Perhaps Nite had called TSCO, bot some from TSCO and went to the bid, knowing that TSCO wasn't really exposed but just hadn't changed its market yet. Or perhaps their order was sufficient large that they reasonably could not get stock and went to the bid. Hey, its a wonderful wqay to create signficant upsdie pressures, make the stock look hot. And they are only exposed to a 1000 at most every few minutes. 2. os ISRN, i would never show a market maker a bid for 5k when they have an exposure of only 1k. I would show perhaps lots of 2k, which is do-able. Any more and you look like the saavy trader that you are and lok like smart money, which Nite has no interest in doing business with. Next time you see some action in a stock you would like an opinion on, please stop in our dynamic, chat site and bring it to me attention...i'll watch it with you. Call anytime if you want to discuss anything else. Steve@yamner.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next