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To: Dako who wrote (7447)6/29/1999 9:46:00 PM
From: David H. Zimmer  Respond to of 20297
 
Correct read. Isn't it wonderful to have to pay to post. Keeps the hypesters on other boards and those with a brain here. I agree, now let's see if our theories are correct. Regardless, the stock trades higher and should transit through the $28 to $35 void like a hot knife through butter.

And now, we turn to TLindt to either (1) either tell more stories like how he and his siblings disposed of all of that beer or (2) what weapons we will be implementing tomorrow. Grenades have yet to be covered nor have mortars or bazookas been touched upon.



To: Dako who wrote (7447)6/29/1999 10:21:00 PM
From: Mama Bear  Read Replies (2) | Respond to of 20297
 
"Going back to 11am today, you can see that MLCO never ONCE offered more than 100 shares and were apparently never taken even once. "

That's for the SOES rules. Just because an MM is only showing 100 doesn't mean that he doesn't have, or isn't in fact selling shares. The 100 share limit isn't that uncommon in volatile stocks, it's how they keep from getting cleaned out by the SOES traders. Further, most mm's that pay for order flow will match the inside, so that's why you can see shares trading while only 1 MM or ECN sits at the inside. Trades below the inside bid or above the inside ask are usually crosses on ECN's. We see them at times of heavy trading to one side or the other because the mm's ignore the ECN's, so the motivated trader hits a preexisting limit on an ECN. There really is a rational explanation for it all.

Barb