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

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To: Mavrick who wrote (11797)2/3/1999 4:20:00 PM
From: Dave Shoe  Read Replies (1) of 90042
 
PAIR was following the dow all day until the last hour.

I sold a part of my position at 10 9/16 when the dow started to correct. I bought back in at 10 7/16, and for several minutes I had a bigger order than the displayed 'best bid'. My order executed when the bid dropped to 10 3/8 so MMs were able to scalp the spread. I think the MMs were trying to move PAIR down in the last hour.

Just a beginners observation,
Shoe
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