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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Dave Gore who wrote (7018)8/7/1998 12:04:00 PM
From: Boob  Read Replies (1) of 25711
 
Yesterday for example....

The bidxask was .50 x .59 so I placed an order at .53 where BISH had a secret ask of .53. I got filled within seconds and they then downticked the bid to .45. They filled all day yesterday between the bidxask so that it appears as sells. Obviously they want the stock down.

That trading is not vindictive of an outside source selling (company) but rather of a short. The MM on the ask yesterday of .59 (WEIN) who just a few minutes ago raised his ask to .625 and then back down to .59 has been the inside ask since I started watching. Then there's BISH who comes and goes with an ask between the quoted bidxask but he never displays a bid. he was selling all day yesterday between the spread and today as well but his ask does not appear on the quote screen

Hmmmmmmmmm.....trying to figure this out

Boob
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