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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (44441)	9/23/2001 5:16:55 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 100058

bcrafty - I-Watch aks a lot on interpreting. I remember Dec 1999 and Jan 2000 on CMGI. Every 20 min. you got a bar of 100K buying interest. Mr Big was buying? Not quite. As on a mark-up play on the Naz, you can announce an interest of 100K. Buy 10K, none, 20K whatever. Then re-announce it is 100K you want. Buy 1K, announce an other interest for 100K.... On a second account/broker, while prices are marked up, you sell your inventory. Don't say it was the case, but this is a system I would use if I could. Just the contrary of the hidden orders: you have send an order of 100K, but limit the trades to 10K. The market sees an average order and does not reacts. Anytime the price is back to your limit, you are filled. In Globex trades, you have marked your place in the queue for 100K, and very soon, you will be first on the list to be filled: 10K (or less) at a time. While other traders call heir brokers and keep asking why their valid order has not been filled. But you buy at your limit. I don't know which other markets have queue-precedence. I know for sure for the Globex, the Euronext (France-Belgium-Amsterdam) and suspect the Canadian to work the same (Euronext system has its origin from the Canadian computer trades). In exchanges with queue-precedence, you always modify an order: change prices or quqntities, while keeping your place in the queue. Cancel-replace: you loose your precedence. When I was active in my local markets, I always had orders way out of the money. Mark my place in the queue <g>. A tactic you can use with a real person broker. On line accounts would calculate you out of margin much too soon. Man, I love trading. Wish I could make some money also <g>.