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To: Jan Crawley who wrote (7713)2/6/2004 11:03:18 AM
From: The Ox  Read Replies (2) | Respond to of 13403
 
OT

WEDC has a lot of volatility, which I like, and the spreads are often too much. There appears to be one or more traders that are doing everything they can to front run any large lots. Once you get used to the way they operate, it's not so bad - but it does take a while to get the hang of it.

FWIW, I've seen this happening a lot more lately on stocks with relatively low volume, that is the widening of the spreads and the front running big lots. Also, it seems there are a lot more 100 share transactions. My guess is that the market makers have lost a bunch of money now that trades are in the decimals and this is their way of keeping high profit margins. All those rounded 1/16ths are why the spreads have gone up from a penny or 2 to 6 cents or more.