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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (141836)	1/5/2002 4:43:32 PM
From: sun-tzu	Read Replies (2) \| Respond to of 436258

let him try to 'bend' someone else's mind mish.

To: mishedlo who wrote (141836)	1/7/2002 1:36:28 AM
From: GraceZ	Read Replies (1) \| Respond to of 436258

What happens when you cancel an order, doesn't it disappear from somebody's screen somewhere? I'm wondering why you think it is the MM pulling these orders instead of the person that they are buying and selling for? How do you know that its not someone on the line saying lets see how this first block goes before we sell this next block? I once asked a friend of mine who was an MM if she did this (put up fake orders and pull them to manipulate price) and she said, "Are you nuts, I could get hit on that order and then I'd be stuck with a bunch of stock I have no business owning, how do I know where the price is going?" She made her money from institutional order flow. Frequently that involves moving very large blocks of stock for hours, days and weeks at a time. A lot of what she had to do is match what the stock does during the day, a market sweep. In other words you don't want to be caught dumping or buying a big percentage of the block into a short term price movement. You've got 100,000K to move so you spread it out over the trading day (there are so many 15 minute periods and you divide it up equally- in thinly traded issues you might trade it over weeks) so the average price matches the average market price for that day. You don't get cute in these situations simply because you could be WRONG.