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.

Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (1181)	9/28/2005 12:38:57 PM
From: Peter Dierks	Read Replies (2) \| Respond to of 1277

When you enter an order into the market, it becomes visible to the market maker. I was watching yesterday and a stock suddenly had one trade a full point out of the flow. It happened to be above the market which meant that a buy order had been entered up there and the MM may have sold it to the buyer out of inventory. What I see more often is on slow days the market will creep down to pick of stop losses and then recover just fine thank you. With a program trade, no one is aware of my impending transaction until it happens. MMs cannot pick off my shares in advance of a block trade that might result in my splitting the difference. (This requires an honest brokerage like you indicated you have, and like schwab. It does not work at firms like Morgan Stanley that always take the spread.) I also prevents my thoughts from being telegraphed to insiders with level 1 quotes. Several years ago I used to trade VECO like I do GNSS now. It probably would have been a great candidate for AIM at the time. Are you using spreadsheets or software?