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.

Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (3046)	1/20/2000 11:23:00 PM
From: Eric Fader	Read Replies (2) \| Respond to of 4792

Tom - Some disjointed thoughts. I'm a notch less cynical than you about MMs (maybe because I play a higher class of stock <gg>), but mostly agree. When a stock has run, like LWNTF or CDIK in the first hour today, the MMs just wait for a pause in the volume and then start the tricks. One cute one that I'm seeing more of lately is dropping the ask to within a penny or less of the bid, as SHRP did today on a couple of different stocks. I don't remember exactly, but the quote on one was something like 1.3125 x 1.40 and SHRP suddenly went 1.32 offer. It's laughable to me, but maybe it panics the naive novices - the type who complain on RB that their buy orders don't show up on the bid of an OTC-BB stock (ROFL). NITE is about the best in the business when it comes to creative trading "techniques" (i.e. tricks), IMO, and they are ruthless when short, but I always get a good professional effort out of them on my orders. As Lance (I think) posted earlier, I think myTrack is just being kicked around the schoolyard these days for pissing off the bullies, HRZG and NITE. And everyone is having trouble with fills the past month or so because the volumes and pressures that the MMs are dealing with lately are unprecedented. -Eric