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.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (61052)	8/31/2000 3:04:15 AM
From: Jim Bishop	Respond to of 150070

To: Joseph Silent who wrote (814) From: gene_the_mm Sunday, August 27, 2000 9:47 PM ET Reply # of 907 JOE... NO MATTER WHAT YOU HAVE HEARD OR HOW THE T&S APPEARS TO READ... You can NEVER know what is going on and what actually is a buy or a sale. Why? Well, first of all you have two sides to every trade. It is NOT safe to assume that if a trade takes place at the bid it is a sale and at the offer it is a buy... First, WHO are you trying to determine is doing the buying or selling (MM's, retail, institutions, etc..) . Once you know who you want to determine is doing what, HOW can you possibly do it? A trade is just a trade... a buyer and a seller meeting to do a transaction in the market. It could be an MM v. MM, MM v. RETAIL, RETAIL v. RETAIL, MM v. INSTITUTION, etc.. Regarding question (3): Block prints are usually indications that an MM has 'completed' or is in the process of completing a large order, usually for institutional customers. It is very difficult, however, to determine if the completed order was an institution buying or selling (no matter WHERE it is -- above offer or below bid). Regarding (4): This is a great question. Reading the tape and watching price action is really the ONLY way to determine whether a stock is under distribution or accumulation -- meaning if lots of stock is printing at the bid and the price is going lower it is distribution, and at the offer with a rising price is accumulation. A side not to you though Joseph... OTC BB stocks do not have atypical price action and tickers and therefore they are even MORE difficult to read. Wishing you profitable trading, -- Gene