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.

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

To: TFF who wrote (7098)	3/4/2000 1:34:00 PM
From: Allan C.	Read Replies (1) \| Respond to of 18137

I wonder what would happen if a thousand people put on a pre-open market order through their discount broker (who routed through nite) for a thousand shares each in a stock with a relatively small float, then a couple minutes before the close everyone canceled their order and shorted after the market opened. It sounds like a mean trick but it might make them re-think who is smarter. I can envision what would happen though. As soon as the cancel order started coming in people would begin having "technical difficulties" and not be able to cancel. They would say "yep, we are still smarter" In addition, even though it would be a posturing trick they would use on us, it is probably illegal for us to "manipulate" the market in such a deceitful manner. The SEC would impound our computers and we would be daytrading cigarettes in federal prison.