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To: FUZFO who wrote (37068)3/2/1998 10:46:00 AM
From: Bald Eagle  Respond to of 61433
 
<<Maybe the MM saw lots of sell stop losses in the 36, 36 1/2 range and want to pick them all off on the cheap?>>
That wouldn't surprise me, I've been screwed on stop losses too many times. I never use them now.



To: FUZFO who wrote (37068)3/2/1998 10:51:00 AM
From: Lost in New York  Read Replies (1) | Respond to of 61433
 
Maybe the MM saw lots of sell stop losses in the 36, 36 1/2 range and want to pick them all off on the cheap?

I don't think the NASDAQ has a central book of stop orders like the NYSE. If your broker takes NASDAQ stop orders I think your broker converts it to a market order when the stop price is hit.

The point being is that MMs can only guess, not see, stop orders. Except for their own customers of course.

FWIW,
Dave


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