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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?

To: Richard James who wrote (534)	4/26/1998 6:34:00 AM
From: John Hunt	Respond to of 1086

<< I understand that the mms have defensive software for "SOES Bandits". Anyone know about this? >> cp, a market maker, referred to his defensive software in a post on the SOES thread. Message 4148907 Hope this helps. John

To: Richard James who wrote (534)	4/26/1998 11:50:00 AM
From: Darren	Read Replies (1) \| Respond to of 1086

I've heard about Goldman's "Anti-SOES technology," but I place little credence in it's ability to shake me out of a trade, because much like we cannot tell a MM's true intentions, the same can be said for our intentions...I think mostly they use 'camouflage' to hide large orders; buying in small blocks, selling first to drive the price down, etc. While I am a huge fan of Level II, it is simply an indicator -- not a reason to be in a position. I do believe that you could piggy-back GSCO all day long and make money over the long term, simply because they trade so much stock, they can't possibly hide it all...