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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (3290)	6/17/1998 1:03:00 AM
From: Darren	Read Replies (1) of 4969

Also, how do you know which houses bought and sold what? The only way I know is when both the buyer and seller are on the inside Bid/Ask and everybody who gets in on the inside then moves out. When this situation exists, you just start tallying shares. You get a close approximation, and you can usually tell the odd-ball trades going on around this transaction because the prints are either the Bid or the Ask and the inside MM's are usually printing on the Bid. Everybody else uses the Ask, like normal, depending on whether the market is rising or falling -- you get the drill. (I didn't explain that very well) I love when I've been tallying shares for 5 minutes, and I end up with a nice round number. 250,000 shares, and then both MM's jump off and trades resume...good to have a calculator handy... I have seen it with stocks as volatile as WCOM. I am not sure you could ever do this with DELL...

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