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 : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (16213)	4/20/2000 8:29:00 PM
From: TheNoz	Read Replies (1) \| Respond to of 59879

I once thought that Island was a representative indication of what the overall MM book might look like. Some stocks, some times, it seems to hold true. For example, size on the sell at 7-1/2 made it easier for me to put my own sell at 7-3/8 and step in front...same on the buy. Trouble is, some stocks some times the giant order - buy or sell - is gone when I look again a few minutes later, not taken out by the market but withdrawn. Games? If it is true that most Datek customers are small retail with less alacrity to change their orders, then maybe Datek is a retail barometer...but what are 3 and 6 thousand share orders doing there? And how do they get placed and withdrawn so nimbly unless a larger fish with Level 2 (or 3?) and access to all ECN's is placing bait specifically on Island for the unwary? Too conspiratorial to be a regular thing - but I've not done better than 60-40 when relying on Island for anything other than where to buy or sell right at the moment...ten minutes later it changes too often...but then I'm not as good a trader as many on this board!