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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (2330)	1/18/1998 10:08:00 PM
From: Dominick	Read Replies (1) \| Respond to of 4969

Bob, thanks for the reply. I do agree with you manipulation is overused as an excuse for poor trading practices. To specifiy what I do not agree with? I believe it's the degree of manipulation. I think it's a tad more than what you may think it is. For example: SOES: Started because MM were backing away Battle between NASD & MM vs Harvey Houtkin (soes bandit) and other traders from using SOES for short term trading.(why should you have a level playing field) Books by Richard Ney: The Wall St. Jungle, The Wall St. Gang Tapings of threats by MM & investigations of MM in 1997 (WSJ, FORBES, USA today etc.) The term: "stocks were lowered in sympathy of" (news article, one company's bad report, etc.,etc, you name it.) A stock could have a good event, yet be lowered do to some other non-related event. In fact a strategy I use to determine if a drop in price is MM induced or sellling induced is to view the summary of trades or time and sales tick data. I believe the likes of Goldman Sachs, Merrill Lynch etc. do have the buying capital to move a market. I good site to view is the Electronic-Traders Assoc. electronic-traders.org. A site about SEC & NASD rules, regs, and the ETA'S battle to further progress electronic trading. Bob, I too am not an expert, I get my info basically the same way you do. I do know how to invest but I'm just a rookie to this thing called "daytrading". If a specialist or MM have to move a lot of a company's shares (and they do it on the floor or screen,) they can't hide it. My goal is to be a "tick" on the back of these large animals as they move through the jungle. Again, thanks for the reply. Happy Hunting! Dominick