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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?


To: Ken Wolff who wrote (66)1/9/1998 1:11:00 AM
From: Dave O.  Respond to of 2120
 
Ken,

At the same time some of the semi stocks often have wider spreads (NVLS, LRCX, XLNX, ALTR). Using the ISLD and INCA can create an advantage. You can bid 1/16 above best MM bid or ask 1/16 below the best ask. At times you can sneak in and buy and sell in a couple minutes with the above and make 1/4. Take a stock with 3/8 spread, say 40 x 40 3/8. Bid 40 1/16 then offer it out at 40 5/16. The stock can't be dormant, it needs to have some activity or you may sit there waiting to get filled.

Dave