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To: mishedlo who wrote (141822)	1/5/2002 3:24:54 PM
From: ahhaha	Read Replies (2) \| Respond to of 436258

If you do not think the MMs are disguising their bid sizes as well as putting in phantom bids you are wrong. What proof can you offer for your claims? It isn't possible for you to get such info. In fact, the claims are hollow since they're both true and false. How can you assert they "disguise"? What does that mean? It means nothing because you are thinking in terms of your own mental creations. What is a phantom bid? It can't be defined. Another mentalism. I see it every day. You see what you need to see to excuse your on going losses. Fake bids that disappear just as soon as the price inches towards the "bid". Define "fake". What are you talking about? Usually 10000 but sometimes a lot more or less. You're babbling. You need to learn what these things are. I believe it is done to deceive. You're superstitious. On CCMP that I was watching on Friday, REDI had an ask of 1000 shares at a certain price. On each sale, remaining ask would drift down from 1000 to 800 to 200 etc. Every time it got to 100, it was raised back to 1000. At least 15 times I watched this. So what? Have you considered that the public is entering those bids and offers? Did you know that 99.9% of the actions represent the MM acting as agent. Do you understand what agency is? Someone wanted to get rid of 15,000 shares at a certain price (and did), and the average shares shown by REDI while liquidating this position was 500 and at no point did it go above 1000. You don't know what someone wanted to do. That's you're assumption. How the bids and offers away change isn't available to you and isn't available to the MMs. Thus an ask of 100 could be 100 shares or 10K shares or even 100K shares. There is no way to know. There are specific rules controlling what is required of the front MM as to quantity based on stock liquidity. No one violates those rules. Why should they? If they did, they would be asserting that they know where the market is going. When you take that attitude as a beginner MM, you soon learn that you lose more than you gain and you learn that the rules are set up to maximize your return if you obey them. Those who don't are out, toot sweet. This shit happens all the time and the attempt is to give illusion that someone wants to buy a huge portion at a price or there really is someone selling a huge block at a certain price. This is what you imagine. You should sit in say, AB's MM room where 30 people are sitting in front of terminals and several of each are making a market in various stocks. The orders are coming in 1 - 30 per second and you are telling me that some one of them can pull some ridiculous stunt threatening their job for two cents. It's so ludicrous that it only tells me to tell you to get your nose out of REDI. It's killing you and you'll never earn a dime trying to follow that garbage. I know. I've been there and you need to go there so that you stop acting like a third class sucker and a grade A fool. In the example above someone wanted to hide a 15K position on CCMP (or about 1.26M worth of CCMP) by appearing to only be selling 1K shares. This is a small example and peanuts compared with what happens in CSCO or INTC or something like that. I use this example cause it is fresh in my mind from Friday. INTC has 30 MMs and runs as high as 100 trades per second. It's beyond human ability to manage and so it is being done ever more by machine. I would love to be in a position some day to supply one of these fake bids with 10,000 shares short 10 times in succession at some lofty price, trounce the mm with a market order sell of another million shares short, then somehow cover the entire short at some lowball price in the ensuing debacle(just a fantasy and not possible in reality). Listen to this. You sound like Democrats crowing about the need for a war on wealth. You can't have this kind of attitude and be involved with stocks. Your psychology is being destroyed and your psychology is more important than all of your capital. Got that?