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

To: Scott who wrote (2678)	3/10/1998 1:48:00 AM
From: AlienTech	Respond to of 4969

>>Do the MMs blindly drop their bids or raise their asks to catch some stops before making their real moves? Wouldn't a number of MMs have to cooperate to move the price more than 1/8 or so in either direction in the absence of real trades that would take out the inside MMs?<< No they dont! Its against morals and laws etc etc etc.. Last Jul I had some IOM I bought around 18, Since I was going for a few weeks I placed a stop limit sell order for $20.. The stock was trading around 21-23 range. Can you find that price ($20) looking at the charts for the month of JUL 97 on IOM? Sure you can, If you look carefully enough, see that spike down? Yep there goes my shares...