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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (4644)	10/4/1999 4:38:00 PM
From: E. Davies	Read Replies (1) \| Respond to of 18137

you see they are only filling 100 share orders and put all 1000 on one order and you are complaining that they moved the price? I'm not complaining that they move the price. I'm complaining that they have a right to look at my order and wait I think 15 seconds (not sure of the actual #) to decide whether or not they want to fill it. Can you do that? The reason that a MM can leave a bid at only 100 shares is because the system is set up that they can fill 1000 or even 10,000 shares even though they offer only 100. Can you do that? If we offer to buy 100 shares, we will only get 100 shares. We are forced to offer what we really want so that we have a chance of getting filled. It is a game of poker. The only thing is that the game is set up so that our cards are marked and theirs are not. I honestly believe most MM's dont grasp what a powerful advantage that is. Eric