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: DRRISK who wrote (637)	6/1/1998 9:46:00 PM
From: JIMMY LIU	Read Replies (1) \| Respond to of 1086

Dr Risk: What real-time Level II service you use now and what much you have to pay per month? Jimmy Liu

To: DRRISK who wrote (637)	6/2/1998 1:10:00 AM
From: Street Walker	Read Replies (1) \| Respond to of 1086

FORBES article: MM games/ comparison with NYSE and AMEX #reply-4662757 Its a long read, but very imformative. Well worth the time. Here's an example: "This trading among dealers leads to some sharp practices. Let's say, for example, the "ball" on the stock -- that is, the dominant dealer -- who also underwrote a secondary offering in the shares recently, has a huge order to sell. Other traders on The Street would get nervous and dump if they saw the underwriting firm come into the market with that sell. "So," says one trader, "you send a stooge down to bid higher for the stock." Other marketmakers raise their bids in tandem, buyers are enticed in, the stock gets sold without alarming Wall Street, and the firm doing the shilling gets 1/8 or 1/4 over any cost incurred during the exercise. " S.W.