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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?


To: John Curtis who wrote (14665)9/19/1999 6:52:00 PM
From: Harold Hertzfeld  Read Replies (1) | Respond to of 27311
 
" the day trader places an order just above the bid of the
top MM bid...and flips it quickly at or just a notch below the ask then prevailing. Staying inside the MM community spreads.

Wow! A lightening trade. I have seen such wide spreads but never thought about trading within them for such a small profit.

I think that this has enormous possibilities.

You have given me an advanced course in "day trading".

But anyone trying this better be comfortable with the stock they pick out for this strategy. That ask price might
fall below your purchase price in a heartbeat.

Market Maker. Thanks for the spelling.

Harold