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To: Diddlysquat who wrote (3299)8/5/1999 5:27:00 PM
From: E. Davies  Read Replies (1) | Respond to of 17977
 
I can't trust level II information anymore
Welcome to the world of the Market Maker. The size they post is often not the size they actually are willing to trade.

Sometimes a MM will bid 100 shares and absorb 20,000 shares of selling.

Sometimes he will post a huge bid and pull it after one trade.

They do it so that you cant figure out what they are planning. Trading is war.
Eric