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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (813)	8/27/2000 3:31:41 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 1426

Hello All and Gene .... I have a question concerning reading the tape and accumulation/distribution. [I just discovered this wonderful board a few days ago and will try to read up on the previous messages before asking other questions :) ]. (1) When I look at time and sales, how can I tell whether a trader has bought or sold shares? ** Is it safe to assume that if the trade took place at ASK it was a BUY; if it took place at BID, it was a SELL? (2). After a downtick (uptick), one frequently sees a string of trades taking place at the new BID (new ASK) .... is it safe to assume that these are all SELLS (all BUYS) ? (3). I sometimes see relatively HUGE trades go off BETWEEN BID and ASK, and sometimes even below BID. How does one interpret these? [I know that there are all kinds of broker-dealers getting in on the action with large trades, but I don't know how to interpret this kind of price action between BID and ASK or below BID, or rarely, above ASK]. (4). How does one look at this and decide on accumulation or distribution? I understand that there are many ways to do it .... but if someone has actually done something like this, or has an idea, I would much appreciate hearing from you. Thanks, Joseph