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

To: maria who wrote (6979)	2/15/2000 12:46:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 18137

"Are there any indications one might see on Level II that someone is shorting a stock?" No. Regards, Barb

To: maria who wrote (6979)	2/15/2000 1:18:00 PM
From: LPS5	Respond to of 18137

Level II does not specify between long and short sales. Certain proprietarily offered front ends may offer that type of information, though offhand I can't think of how. I generally, knowing the mechanics of short selling, consider sales that take place at 1/16 over the bid to have a good likelihood of being short sales. Also, when I see an issue that is trending widely on an intraday basis (usually event driven), I consider most prints that are under the market at the pauses in or ends of runs to be short prints. For example, if an issue is quoted 20-1/8, and it starts to run on news, somewhere in the 21 1/2-5/8 (arbitrary) area it might pause and show a few 1 or 1 1/8 prints before running up to 22+; I generally assume that those are retail market short prints. In the same manner, if this same stock hit 22 1/2, and then backed off to 22 1/4, I'd more-or-less automatically assume that the 2 5/8 or 3/4 prints were retail market long orders. That's just my assessment, though. I'm sometimes wrong, but never in doubt. ;) LPS5