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

To: steve goldman who wrote (3362)	7/10/1998 4:20:00 PM
From: SE	Read Replies (1) \| Respond to of 4969

I question the degree to which the data would be reliable. Reason being that most take very concentrated positions on volatile stocks. For example, I bet the winner and top ten are people who bought one stock and it doubles or triples overnight for some reason. What about all the people at the bottom who do the same and have their stocks cut in half. Just an observation. -Scott

To: steve goldman who wrote (3362)	7/10/1998 4:29:00 PM
From: wmwmw	Respond to of 4969

You are right about yahoo game. I think real situation should have better results because there is no restrictions as in the game. And I think positon trading could make more returns than scalping daytrading.

To: steve goldman who wrote (3362)	7/11/1998 10:36:00 AM
From: gbh	Read Replies (1) \| Respond to of 4969

Steve, I have some questions about order routing that maybe you can answer. I'm considering accounts at two firms, Web Street and MB Trading. MB obviously has a great product, with reasonable commissions, and not much "nickel and diming" when it comes to order routing. RealTick looks awesome, and I can't wait to get L2. Web Street, as I understand it, only routes orders to their MM, Nash Weiss (NAWE). At first, I thought this would be a severe limitation. But this may in fact work to my advantage at certain times when I want to buy at the bid or sell at the ask. If NAWE is not currently at the bid, and I place a limit order to buy at the bid, isn't NAWE required (by NASDAQ rules) to represent my order at this bid? And since they are a MM and not an ECN, this would be an SOES'able order. Of course if NAWE is unscrupulous they could move to the bid as a result of my order, buy shares at the bid, then turn around and SelectNet them out to another MM at the ASK. Would this be more of what I should expect? Any comment are appreciated. Gary

To: steve goldman who wrote (3362)	7/11/1998 4:13:00 PM
From: Steve Greenberg	Read Replies (1) \| Respond to of 4969

Steve I had a couple of Questions about Market Makers 1. When I do a SNET broadcast how does this appear on their screen ? Does it scroll by out of their site after a certain period of time ? If I do a preference does this set off an audible alarm, flash or present itself different on their workstation as opposed to a broadcast? 2. Any way to determine the Short Interest of the Market Makers on a stock ? I understand the normal Naz stats to not include this. 3. With the new system proposed for Nasdaq... Will all transactions basically be anonoymous? In other words you do not know which MM you are buying from or selling to ? Will Individuals have the same standing as Market Makers when it comes to buying on the bid and selling the ask? Do you think the structure of this system will reduce volatility? Thanks Steve. A always reccommend traders visit this thread and read ALL your posts for an education in trading. I have learned so much from you over the past year, hard to express how crucial a compent you have been in my education.