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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (57)	7/20/1999 10:07:00 PM
From: AJ Berger	Respond to of 112

Don't just Bitch here; Do something about MM Manipulation! Subject 28939 clearly MM's are toying with daytraders by posting Level-2 bid/ask offers to deceive us all. It's part of the game. If you were in their shoes, you'd do the same. (it's what sheppards do with sheep, can't be more obvious) They get away with it, because there is nothing illegal about it, and bitching to the Nasdeq won't accomplish anything. You all make more money trading volitile Nasdeq stocks, then stable NYSE stocks, or you would not be here. More rewards entails more risks; such is life. You can WIN this game by observing which MM's stack the bid/ask where they want to go, and which ones are contrarians. It's not always that simple, but it's something to go one. Play Poker sometimes, and you'll learn who always bluffs, and who never bluffs, and you'll know how to win against Level-2. (this is not aimed at you personally A@P as you are clearly just letting off steam.)