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

To: Dave O. who wrote (730)	3/19/1998 12:32:00 AM
From: G.F.	Read Replies (1) \| Respond to of 2120

<If you want to short at the bid you can use Selectnet to pick off the MM you want.> O.K. Dave, that is logical. I mean they make their money off the spread, but I am not seeing the difference in putting a pref. bid in at the bid since it would be filled anyway with a regular short order. Help me understand the strategy of shorting at the ask. It seems every time I put in a short at the ask the MM will undercut me immediately when trying to follow a trend down. It seems you have to choose before the turn in price or miss out on the short. GF