The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Jeremy G. Browning who wrote (2194)	12/2/1998 11:00:00 PM
From: Street Walker	Read Replies (2) of 90042

Forbes Article ---- all traders need to read this! forbes.com Has anyone ever seen daytraders ruin a stock? For example: news comes out on a stock pre-market. the stock is trading at 8 5/8 x 3/4. Then you see an island order come in premarket at 13/16 then an inca at 7/8, then the island tries to beat inca by posting an 8 then inca tries to beat him out. By the time the market opens, daytraders (inca and island) have ruined the stock by pushing the bid up to 9 1/2. Had they been patient, they could have just waited for the market to open and buy the shares at 8 3/4. Daytraders, I think are to blame for stock prices gapping too high. Regards, S.W.

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