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.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (158169)	5/12/2009 12:37:45 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 312481

Iceberg means a big bid or ask masked as a smaller one like an iceberg is 7/8 invisible. For a while, RBC offered it to retail clients. As an example, you could put in a sell order for 10,000 shares, but only have 500 offered on the order book. As soon as those 500 go, another 500 automatically get offered, and so on. At no time is the true ask size visible to others. CD

To: re3 who wrote (158169)	5/12/2009 12:41:23 PM
From: Proud Deplorable	1 Recommendation Read Replies (3) \| Respond to of 312481

An iceberg order is a crooked (in my opinion) technique used by large houses to feed large blocks of stock into the buying. The orders cannot be seen on level 2 but they sit there just beneath the surface thus the term iceberg. This is usually why you notice asks continually coming in which tend to keep the price from rising but allows the seller to get out incrementally You realize that this game is not for retailers anymore don't you?