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To: Captain Jack who wrote (92500)8/9/2001 11:17:59 PM
From: Night Writer  Read Replies (1) | Respond to of 97611
 
CJ,
I didn't think there was anything wrong with breaking a large order up. Say buying 10,000 shares at a time during the day to buy 100,000 shares. Not that I've had the experience.

I learned not long ago that a lot of automated trading was done with 100 share trades. Not large blocks. The object of such trading is to keep the average share price close to the market price when the market price is falling, and to sell some shares for a profit when the price is rising. The profits are added to a cash reserve for that stock to repeat the process. Interesting stuff.

Also thought the option floor traders kept the prices in line by taking advantage of any price imbalances.
NW