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

To: steve mamus who wrote (300)	12/28/1999 7:43:00 PM
From: Jill	Respond to of 8096

I may be cynical but I think the fast trading line is just that, a line. In "fast trading" situations they can manipulate the stock and the options. Especially if they get a market order from somewhere--for even one share or one contract, they can use it to their advantage But I'm not sure WHAT we can do. Your idea sounds good. If you can watch Level 2 real time you can catch them. Jill

To: steve mamus who wrote (300)	12/28/1999 8:09:00 PM
From: Poet	Read Replies (1) \| Respond to of 8096

Steve, This is a lesson I've had to learn over and over again: Never place a market order in a fast market. The MM's will screw you. I've had level 2 and direct ECN access, never did very well with them because I got overstimulated by all the info. and too damn tempted to trade without good reason. Just be careful. I truly think that, unless you're daytrading, you can save yourself a lot of money by going with a good discount broker and place limit orders based on TA -- with excellent results. Sorry for the rant.