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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (4591)	12/18/1998 10:05:00 AM
From: Wayners	Respond to of 8307

These jerkoff won't bid more than $20 1/4?

To: Wayners who wrote (4591)	12/18/1998 10:17:00 AM
From: Anaxagoras	Respond to of 8307

I agree, Wayne. Irwin earlier accused me of being a conspiracy theorist- that's kinda funny, cuz I'm usually the one calling others that- ;-).... Anyway, here's some MM info for Nov., FWIW. I've listed the top five market participants for November, the point at which volume really picked up. The first 4 letter string is the name you would see of the outfit on a Level II screen. The first number is the total volume of shares traded through the participant, then their rank, and then the % of total trading volume they account for. Note that ISLD is an ECN, and as such not a market maker. Evidently, NITE is the axe, with MASH (aka Schwab) a close second. I don't have Level II, so I can't give you a play by play of the monkey business, if any there be. But what I can judge from the inside spreads and prints I've seen, I agree with you Wayne. Anyway, they're going to sit on this one today. Pathetic volume so far, so they're accomplishing what they want. Wait for Monday. NITE KNIGHT SECURITIES, INC. 28,074,068 1 16 ISLD THE ISLAND ECN 26,290,964 2 15 MASH MAYER & SCHWEITZER, INC. 25,208,949 3 14 NFSC NATIONAL FINANCIAL SERVICES CORPORATION 10,140,363 4 6 MADF BERNARD L. MADOFF 8,998,998 5 5 ~~~~~~~~~~~~~~~~ Anaxagoras

To: Wayners who wrote (4591)	12/18/1998 10:35:00 AM
From: James H. Irwin	Read Replies (3) \| Respond to of 8307

<<MMs are intentionally trying to get people to sell by keeping artificially high spreads on EGGS>> How does one intentionally try to get people to sell? Last time I checked the way the market works is the prices you see are what 30+ odd market makers are willing to either buy or sell AT ANY GIVEN MOMENT. That doesn't count the hundreds of guys who trade on the ECN's or Instinet. If you want to buy you can always have your broker represent your willingness to buy with a bid. If you haven't sat on a trading desk and made a market in a stock I suggest you do all who read here a favor and keep your thoughtless rhetoric to yourself. I apologize in advance if I sound a bit harsh, but as there are new market participants who log onto SI everyday I think they shouldn't be swayed by someone who finds this a medium to blame their trading difficulties on MM's. Lastly, whether you think so or not...you actually have a trading advantage over most MM's (unless you are the axe and do tons of volume). And that is because you can choose WHEN to enter a market. MM's generally have to be involved. How do you think the MMs in AMZN, EBAY, YHOO are doing? Most of these guys have huge swings in their daily P&L and I can assure you huge gaps hurt big, when you happen to be short even 1000 shares. To all: good luck. Me I'm just waiting for option expiration. Anyone happen to play CDWI. Had it on my ticker but missed it!