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


To: Dan Clark who wrote (8172)5/2/2000 7:41:00 PM
From: Jon Tara  Read Replies (1) | Respond to of 18137
 
Dan, how would SuperSOES affect this?

My understanding of the usefulness of this is:

1. Thin stock
2. A single MM is passively-agressively (hah!) going after the stock
3. Stocks have been observed to subsequently move up after this happens

Assumption is that the MM is "quietly" filling a large order. Stock should move up until the order is filled.

I don't think that SuperSOES would change any of this, would it? Or would the MM now be required to show their hand?

I have to admit, I haven't throughly reviewed SuperSOES. There have been a whirlwind of proposals, and I haven't kept up. Is this the one where everybody gets thrown into one big queue? Would SNET still exist? Direct links from some brokers to ECNs?

Anyway, what I posted was strictly about identifying a situation, not how one might execute a trade to implement a trading strategy.