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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Kimberly Lee who wrote (1723)12/20/1998 7:36:00 PM
From: Nazbuster   of 2120
 
On Nov 27 and Nov 29, for instances, BAMM's market was crossed/locked over 100s of times during the course of a trading session. When XMCM first opened, BEST was sitting at 32 offer while Troster and other mms were bidding 34 for about 5 - 10 minutes.


I have seen this many times but always thought that it was due to data feed errors or simply late reporting. I always assumed the shares at 32 were long gone. Are you saying that the 32 price was legitimate and had shares available at that price while the bidding was above for 5-10 minutes? I can't imagine that scenario...
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