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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (37785)	2/19/2011 11:26:14 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 46821

Why should I pay more to buy some shares than a seller is willing to sell for? Who would pocket the spread? <If they really want to reduce the volume of "meaningless" trading, stop the penny-spread experiment and go back to nickel spreads. Three cent spreads would likely to do it, too, but in my experience people can't add in 3s too good. :) > Why should the authorities want to force a seller to sell for less than they could get? Bad idea. There is nothing wrong with free markets, supersonic million mile a minute computers and Flash Crashes. Now that the regulators have interfered with trade cancellation as part of the calculations, they have inadvertently, applying the law of unintended consequences, made the next crash likely to be worse as I have explained. I was all set to put in buy orders to wait for the next crash but have cancelled that idea because the dumb regulators would steal from me by cancelling my trades, handing the profits to the supersonic traders. The supersonic traders know that and their models will now include such variables. They will be monitoring their million mile a minute competitors to see when it's time for another game of chicken. It should be even more fun than last time. People should NOT have "stop loss" sell orders sitting there waiting to be grabbed [or stepped right past if needs be]. They will probably NOT be the lucky ones to have their trades cancelled. Mqurice