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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (92910)	4/4/2000 5:52:00 PM
From: ciVic	Respond to of 108040

KM - you saw INCA doing that too eh? I did as well....eom ciV

To: KevinMark who wrote (92910)	4/4/2000 5:55:00 PM
From: Mike E.	Respond to of 108040

Also...I noticed INCA squashing the asks for the past 2 weeks when the market tried to rally. I have never in my trading career seen that happen before. When you flash 10,000 shares on the ask of $100 stock....that will always induce selling. It makes me laugh...there not fooling anybody. Yep, the institutional traders on Instinet having been playing this to the hilt! They will take all but the savviest retail investor's money during these times. ARBA tried to run many times only to have INCA sellers try and quash it. Ultimately, they would fail and it would pop for a few points. Look like short selling to me, but I'm not good enough yet to pick that out with any certainty. I closed out all my positions before the close today as I now operate in a more "defensive" mode. Mike