Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pressboxjr who wrote (79)	7/23/1999 10:39:00 PM
From: johnsto1	Respond to of 112

By adjusting my Executioner software I identified Which MM's were on the hammer.Well that's nice but now I need to turn it into money.One thing I noticed,and would be interested in your thoughts,was that as NITE stayed at 30 15/16 until the stock backed down then NITE would back off about 4 places down as if to say "ok we spoiled the run now you guys take over and I'll see you at 29 15/16".So my thought was to short until NITE pop up on the bid.Whatever...my first day...is my theory relative to making money or a shot in the dark?

To: pressboxjr who wrote (79)	7/23/1999 10:45:00 PM
From: johnsto1	Read Replies (2) \| Respond to of 112

Funny, but I was watching TCTY today and as it dropped to $12.00, market maker LEHM (lead underwriter) was the only one on the bid side and I swear I must have seen about 50K worth of sells (and his bid size showing 100 or 200). He didn't budge. Obviously, other traders realized this and more and more stepped on the bid to get in front of him. -WHAT WOULD THIS TELL YOU AS TO HOW TO MAKE MONEY?(if LEHM was the underwriter and is on the bid wouldn't this mean they are buying and so should I?)