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Strategies & Market Trends : Trading For A Living

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To: Ken Adams who wrote (989)7/20/1998 3:47:00 PM
From: DADDY WARBUCKS  Read Replies (1) of 1729
 
Ken. Even though it is really bullish according to the size of the current orders. The stock showing 5200x300 at THESE prices. What is showing for offer at 17 1/2? Will it be 5200x8000 once the last 300 get bought at 17 7/16?

That is the benefit of trading on Nasdaq and using Level II quotes. You can see all the MM's bids and offers at all levels and their sizes. Eventually you will see all markets go to best bid/best offer systems, and SOES will be history. Daytrading won't be history but it will not be so easy to scalp from the MM's with their big spreads.

Hope I'm not confusing you. Chuck Schwab was not totally wrong, but keep in mind they are always going to give you an unbiased answer. No opinions at all from them.

Good luck and happy trading.

DADDY
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