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

To: Jim Bishop who wrote (82915)	4/13/2001 8:35:15 PM
From: ChrisJP	Respond to of 150070

Have a Happy Easter weekend Jim, and to everyone else who reads and posts on the Golden List thread. Regards, Chris

To: Jim Bishop who wrote (82915)	4/13/2001 8:42:39 PM
From: CerealMan	Read Replies (1) \| Respond to of 150070

JB...welcome back...looking forward to seeing you back @ TGL Live when you can make it...sincerest sympathies and... good fortune... pops

To: Jim Bishop who wrote (82915)	4/14/2001 2:00:17 AM
From: alias-me	Respond to of 150070

Thanks Jim, shalom and happy easter... eom

To: Jim Bishop who wrote (82915)	4/14/2001 3:46:36 PM
From: StocksDATsoar	Respond to of 150070

!

To: Jim Bishop who wrote (82915)	4/14/2001 9:41:36 PM
From: ChrisJP	Read Replies (1) \| Respond to of 150070

Hi Jim, just wanted to let you know that we finally had good enough weather to go for a boat ride .... during cherry blossom season. Regards, Chris

To: Jim Bishop who wrote (82915)	4/14/2001 10:56:06 PM
From: asker2	Read Replies (1) \| Respond to of 150070

A list of the people we're dealing with and what they're up to... Who To Watch and What To Watch For in Your Level II THE MAJOR MARKET MAKERS: Recent Mergers and Acquisitions of Major Market Makers: GSCO: Goldman Sachs SLKC: Spear, Leeds & Kellogg After its purchase of SLKC, Goldman Sachs will be, by far, the largest Market Maker on the street. It is already the largest investment bank, with a reputation of being one the most aggressive Market Makers; and it is willing and able to handle lots of risk without faltering. It only deals with the wealthiest of clientele, large institutions and high net worth individuals. It gets this caliber of clients by using every tool it has available to support its excellent reputation. It also owns a 25 percent share of the ACRA ECN to which it will often direct a lot of its order flow. Goldman Sachs has faked out many of the best day traders by using its GSCO-MMID on the offer while buying on the bid on ARCA. It uses its MMID, its reputation, its tremendous order flow, its huge inventory and many of the same tools day traders use to trade in a very distinctive and aggressive manner. Day traders beware! FBCO: First Boston/CS DLJB: Donaldson, Lufkin & Jenrette First Boston, who was bought by Credit Suisse, who then bought DLJ has been aggressively expanding. They have all been trading much more aggressively as they try to compete with Goldman Sachs in both investment banking and Market Making. I have seen FBCO push prices up and hold them down much more frequently than in the past. With the acquisition of DLJ a huge investment bank and their added order flow I only expect to see them more. DLJ was a young and aggressive firm with a lot of talented traders. FBCO has kept them on, hoping to further invigorate their market making efforts. UBSS: UBS Securities PWJC: Paine Webber Just another recent merger to be mindful of, I have yet to notice much of a change in their trading patterns. Other Notable Market Makers: MSCO: Morgan Stanley Dean Witter and Company Rumored to buy NITE securities, if it goes through it would make them a powerhouse of trading as well as investment banking. They have taken a lot of risks in their underwriting that have paid off in the past. They do act as the AXE in many of these stocks and they also afford their traders a lot of freedom in the Market Making activities. NITE: Knight Securities, Inc. Trading is their one and only business and their traders are excellent. They also tend to trade a little like day traders, but have the backing of their massive amounts of order flow. They get their order flow from small institutional customers and many on-line brokers (E-Trade is the most notable). They also do a lot of business with small retail BD's and are willing the get into the mix. They don't make the spreads they used to but they certain have a lot more orders to process. MLCO: Merrill Lynch HRZG: Herzog, Hein, Geduld Merrill Lynch will be buying the Market Maker Herzog (HRZG) to spice up their trading efforts. Watch them closely as they tend to be difficult to follow they work orders for a very large client base, which is very diverse. They have many institutional accounts as well as lots of retail order flow. Sometimes it is hard to tell what they are working and when. They will occasionally take some aggressive positions, and allow their Market Makers to do their jobs with a degree of freedom. HRZG * Herzog, Hein, Geduld* They are a smaller boutique firm that specializes in mid to low-priced tech stocks. BEST: Bear, Stearns & Co. They trade aggressively on their issues and are willing and able to assume risk when they have a vested interest to do so. They are a very balanced firm offering a wide range of financial services. Market Making is just one of these services. They need to Make the Market on many equities but they don't need to take large or risky positions unless they have too. They do this to fulfill one of their other brokerage services; making market is only part of the picture. SBSH: Solomon Smith Barney They work the orders of many of the largest institutions on the Street. They trade aggressively and are willing and able to assume risk to get the results they desire. They give their Market Makers lots of leeway to accomplish their jobs profitably. I have noticed that they have been responsible for stopping the momentum on a number of stocks I was trading. They can be very obstinate when they are market making, so take notice when you see them on the bid or offer. Chances are they are up to something. PRUS: Prudential Securities Trading LLC They have been aggressively recruiting a lot of talented traders from other firms to invigorate their trading and market making activities. LEHM: Lehman Bros. JPMS: JP Morgan Securities The name is fame. I watch their analyst's more then their traders. They tend to trade conservatively except on issues that they have underwrote. CANT: Cantor Fitzgerald Some Smaller Market Makers That You Should Watch Out For: All the firms listed below have expert traders that have a lot more backing than even the wealthiest independent day traders. Many of these firms show up as the AX on some small securities or they might just have a particular interest in a stock for whatever reason. Just never count them out!!! COWN: Cowen & Co. DMGL: Deutsch Morgan Grenfell BTSC: B.T. Alex Brown RSSF: Robertson Stephens NEED: Needham & co. SHON: Shonfeld Securities A very large proprietary trading firm, they are professional traders who trade for their personal account as well as their firm. HMQT: Hembrecht & Quist SNDV: Soundview Financial SWCO: Schroder Wertheim TSCO: Troster Singer MASH: Meyer Schweitzer Subsidiary of Charles Schwab, the first discount broker and now one of the largest online brokers. TUCK: Tucker Anthony MONT: Montgomery Sec.