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

To: steve goldman who wrote (2537)	2/8/1998 12:40:00 PM
From: Doug Moulton	Read Replies (1) \| Respond to of 4969

Wow. I just logged on and found you just responded 3 minutes ago. I guess Datek recalculates after every transaction. I use another discount broker and they only calculate your new buying power at the end of the day and have actually stopped me from using margin for 3 months because they will not let you buy and sell several times in a day. How about your service? If I was to buy and sell as discussed in the previous post, would your firm allow me to place the second order at $22,000?? Thanks again, Doug PS. If anyone else knows another broker that allows you to trade several times in a day with your full amount, please let me know. I am too afraid to go with Datek after reading the SI board on Datek.

To: steve goldman who wrote (2537)	2/8/1998 9:19:00 PM
From: TraderRick	Read Replies (2) \| Respond to of 4969

Steve Thanks for all the information you have posted here at SI. I've just joined and just started daytrading so I have questions. I asked this on another thread but you seem to have some insight and may not see the question in the other area. Could you explain the relationship between SOES and Market Makers, if there is any? Do the Market Makers sell their shares on the SOES system? If not where do the SOES shares come from? Also. When I see 2 MM's each with 1K shares at the ask and 4 MM's with 1K shares at the bid, I frequently see many thousand shares sold at the bid and ask and in-between and the MM's still have their 2K and 4K shares showing on the L II screen. Who is selling all those shares "in the background"? Is this one of the ways MM's manipulate the prices by only showing 1K shares at the ask but selling multiple 1K share blocks without raising his ask price instead of showing that he actually has 7K shares available at that price? Thanks for any insight you can provide. TraderRick