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Technology Stocks : Open Market (OMKT)

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To: Rob Grassl who wrote (1350)4/9/1999 4:42:00 PM
From: Batgirl  Read Replies (2) of 2004
 
Glad it looks like my information may have been correct after all 10 days ago. I noticed some great short tricks on realtick level 2 today but they didn twork. LOL.
A trader who was a market maker before told me somethign he sometimes does when he is short and wants the stockto go down is to post a huge offer like 50000 shares at or 1/16 above the offer and daytraders get freaked out and it send them all selling. They have to take it off really quickly incase they get filled.
Today at 15 15/16 I saw for the first time that happen. There was an offer to sell 99000 shares. jus t for a fe seconds then again an offer to sell 55000 but it didnt work and the stock broke right through 16 in a buying frenzy.
I checked instanet just now and last trade was 16 3/4
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