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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 12.24+15.7%Feb 6 9:30 AM EST

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To: B. A. Marlow who wrote (5963)3/3/1999 8:56:00 AM
From: TraderAlan  Read Replies (1) of 17679
 
BAM,

<Richard Ney>

Just barely. I think I recall him having a system that mimics MM/specialist direction.

ECNs work the middle and add liquidity. That should be good news for TA. Going back a few years (or looking at thinner OTC stocks now), the wide spread screwed up precise measurements. For example (here's real manipulation) the MM could trigger stochastics signals just by closing intentionally on the bid or ask for a few sessions.

Another writer and I had an interesting discussion about XYLN last evening. The insider buying prior to the acquisition announcement was so obvious it hurt. But prior to that, the stock showed a clean, longer running reversal and breakout. Whether or not you had the inside info, there was the same access to a profitable position.

Alan
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