Jim's Nasdaq100 Special as a basket. Message Board

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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: chartseer who wrote (641)	5/12/1999 11:01:00 AM
From: James F. Hopkins	Read Replies (1) of 2103

Did Any one see what the specialist did to the QQQ, and All the spiders including the MDY , & SPY this morning, the only ones they didn't scalp was the xlu & xlp.. They hit the SPY and QQQ for over a 3pt steal, taking out stop limit orders and market shorts all in one fast coordinated move. Glad I was in a cover position and not the other way around, looks like we have some big time crooks into running these things now. The volume indicated several Millions of Dollars were scapled in less than 10 minutes, this was not done by traders no way it could have been, IMO it had to be done by the market makers, no one else has that power. Jim

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