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To: Sword who wrote (1460)10/29/1998 1:56:00 PM
From: MW  Respond to of 3015
 
<<<Bill: Never have I seen so many MMs back off so quickly without refreshing. They are not making markets out of their accounts but relying on open orders to provide order flow. Very liquidity in this stock.
I am short.>>>

Very little liquidity, huh. Big short position + small float + low liquidity.... throw in a touch of good news and a big buyer or two and what do you get??

SQUISH, SQUISH

MW



To: Sword who wrote (1460)10/29/1998 2:13:00 PM
From: chester lee  Read Replies (1) | Respond to of 3015
 
Sword,

<< Very liquidity in this stock.>>

Don't you mean POOR liquidity in this stock. I don't have level II access, but from your description ot sounds like the MM are staying away, and for obvious reason. But with that said, watch out for short squeezes and manipulative practices alike.

Chester



To: Sword who wrote (1460)10/29/1998 2:16:00 PM
From: Willsgarden  Read Replies (1) | Respond to of 3015
 
sword...at what point do you reevaluate you position? every tick up? or is this an inevitable moneymaker on the short side?
as all my fundamental and due dil suggests.
Bill