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

To: Mark Davis who wrote (9132)	6/23/2000 11:54:00 PM
From: LPS5	Read Replies (1) \| Respond to of 18137

Mark, The article which that link cites comes from the www.otcnn.com website, which seems to have two main thrusts: OTCBB stocks and writing anti-market maker articles. First of all, I'm quite sure that the conversations cited in the specific article you've provided a link to are the very same that were in the Timpinaro report some years ago (1993/94?). That was a few years before the Department of Justice 21(a) report, so, not exactly breaking news, LOL. Second, it seems like the website embodiment of every reason why I'm here and not on Raging Bull or Yahoo. I.e. it's not that the stock was hyped and worthless, or that you're a lousy trader, or that a fool and their money are lucky to get together in the first place: in any market situation, the only possible explanation for a plummeting stock or a losing trade is that the market maker either "stole" your money or "manipulated" the issue. LOL 2. It'll take a bit more than a paper thin site like that to capture my attention. LPS5 PS Institutional buyers aren't picky about 1/8, 1/4, 1/2, a stick...as long as it clears the price they were quoted. If it doesn't, well...eventually your phone stops ringing, and the word gets around, and before you know it, you're just another stockhumper.

To: Mark Davis who wrote (9132)	6/24/2000 8:11:00 AM
From: Mike E.	Respond to of 18137

Another item: I notice that more than usual, there are lots prints above the current market, sometimes in size. Most of the time the stock goes there, but not always. I guess institutional buyers are not too picky about that 1/8 or 1/4. Or is it something else, along the lines of the recent discussion about dealer markups. How to interpret these blasts of outside sales is the tricky part, as they sometimes mark the END of the move and not the start of one. Hi Mark. I've noticed the same thing and often wondered what was going on. Hopefully someone "in the know" will enlighten us. In the meantime, I usually see it when the price is fairly steady or sometimes inching down. All of a sudden some block trades (big) will go by at or above the ask (giving you the impression trades are going off at higher prices and the stock is getting ready to move up). Usually, the stock then moves down. What I have assumed is that those are really sales at the bid and MM's are somehow delaying the reporting of them (if only seconds) until they tick the bid / ask down - giving the impression they are sales at the ask or above. Is this possible or am I way off base? Mike