Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave O. who wrote (538)	4/26/1998 5:24:00 PM
From: Darren	Read Replies (1) \| Respond to of 1086

RE: Goldman It's really no secret that GSCO is the largest MM, and some things they just can't hide. On witching days, the days options expire, it is not uncommon to see GSCO holding a stock in one direction or another to make sure the options traded for whoever stay "in the money." My simple advice is, don't be on the wrong side of a GSCO trade unless you can wait for them to transact their business, and then the stock will return to it's "market" level... I have seen them hold AAPL for two and one half days above 27 -- and watched other big AAPL MM's eventually decide that they couldn't sell enough to go against GSCO. When GSCO is on the Bid and SBSH is on the Ask (for AAPL) and 125,000 shares get traded at one price and both MM's are still sitting in their respective positions, then SBSH leaves, you have learned enough to know you don't want to be short AAPL in the short term...