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: Dominick who wrote (8088)	4/29/2000 12:06:00 PM
From: OZ	Read Replies (2) \| Respond to of 18137

My guess is they must have a program that scans and automatically buys all stocks that are up. And, have a "close all positions" button. What puzzles me is stocks come in all price ranges. How do they determine how many shares of each do you buy No automatic buying is used. Basket buys are used rarely but on occasion (might accidently buy a weak stock). Though we have some groups of traders that use them allot. Yes, there is a sell all positions button and it gets used quite often. When buying, usually multiple order are sent out (SOES,SNET swipes,ECN,s) without regard for how many get filled. If all the orders get filled and they feel they have too many, frequently they will call out and ask if anyone wants some shares (that are in the money) and the floor broker immediately transfers the shares from one account to the other. Or they will offer out a few as the rally continues. OZ