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


To: Dustin who wrote (8438)5/11/2000 11:53:00 PM
From: OZ  Read Replies (2) | Respond to of 18137
 
I actually did understand what you meant (ecn's piling up). I just do not think the situation that I am specifically describing is being caused by market makers. Maybe you have seen something different. Day traders always want to blame MM's and investors always want to blame day traders for anything that is not readily explainable. The truth in regards to market behaviors is never so convenient. I think it is a programmer teamed up with a group of individuals (for capital). They are working so many stocks at a time that they must have a somewhat significant amount of capital. I think that (Maybe LPS5 can help me here) it would probably be illegal (or close enough to it) for any reputable MM to partake in. I do not know if it is possible for an ecn to be considered as "flashing" since the orders are "live" at the time they are shown. One thing for sure is that I do not like it when it is occurring on my stocks....

OZ



To: Dustin who wrote (8438)5/12/2000 12:02:00 AM
From: Jon Tara  Read Replies (2) | Respond to of 18137
 
Yea, but who's dumb enough to fall for this ECN flashing crap?

They at least need to do better than to show the same size on all 5 ECNs... :)