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Technology Stocks : SkyMall (SKYM) -- Ignore unavailable to you. Want to Upgrade?


To: CountofMoneyCristo who wrote (134)12/26/1998 3:44:00 PM
From: Craig Rogers  Read Replies (3) | Respond to of 987
 
To all: Anyone have problems trading SKYM Thursday? I did.

I called my broker and sold 1000 at 12 1/4 @ 9:53 it go executed at $9.50. (It was going down at the time from a top)

Boy am I pissed.

I called them, NDB, they have been screwing me a lot lately, with a trade dispute.

They called me back and said oh yea we can probably do better than that for you. I'm waiting to hear from them on Monday.

I bought back 500 at 9 5/8 a short time later.

I did not know how the orders were filled, it took a while for the report to come back.

I thought I did a good trade, yea right! Bend over.

It should have been at least $11.50

Like I said they already said they can do better, why and how do they get away with this crap?

I think I should dispute every trade!

What can I do?

Any recommendations, brokers etc?

Craig



To: CountofMoneyCristo who wrote (134)12/26/1998 7:30:00 PM
From: Kimberly Lee  Read Replies (1) | Respond to of 987
 
<<No, you are a beginner. I suppose MM's were "making a market" in MZON in the mid-30's Wednesday afternoon, when their inventories were depleted, holding it back for 15 minutes before finally capitulating and being forced to cover? TSCO was a prime example. He was forced to cover, jumped from the ask to the bid, and the stock took off to 59. Market Makers work for investment banks, and their sole purpose is to create profits for their respective employers. No successful market maker plays the spread in high-volume, fast-moving stocks such as MZON Wednesday and SKYM Thursday; they take a position and use all leverage and advantage in their possession in order to bolster it.>>

Goldfinger, do yourself a favor and STOP trying to pretend that you know what went on, trust me, you don't. I traded MZON on Wednesday (go to my profile and look up the posts) very successfully, and believe me, Knight, Troster Singer and Sherwood were playing the long side, for the most day. Dain Rauscher was shorting for some hedge funds (during Wednesday I thought DAIN was shorting in his own acct but find out otherwise later) and RAGN was doing the same earlier.

Where were your posts about MZON during Wednesday? I am very curious to see what other stories you've been dreaming up in your lalaland fantasy.

I did make a mistake for being too bullish on MZON on Wed evening, but I did at least took 1/2 off the table before the close.

You have made numerous absurd posts about SKYM as well -- I will point them out in the next post. It never ceases to amaze me how uninformed amateurs brag and pretend to know the extremely complex and intriguing activities of market makers.



To: CountofMoneyCristo who wrote (134)12/26/1998 8:08:00 PM
From: Kimberly Lee  Read Replies (1) | Respond to of 987
 
<<MMs were accumulating because they were hitting the inside bid on every single pullback.>>
exchange2000.com
Goldfinger, I hate to come across as condescending, but when I read something this stupid and absurd, I can't help it. "Hitting" the inside bid means selling shares to buyers who are in the inside market bidding for the stock, resulting in the lowering of the stock price. If you are unable to get the most basic terminology correct, you have absolutely no business writing this kind of posts to mislead others. As I matter of fact, I just faxed a copy of your post to a market maker friend, and he is laughing controllably on the phone while I type right now. In fact, I am going to post this in Anthony's thread so he can get a big chuckle out of it too. If mms were really "hitting" the inside bid during every pullback, the stock would have far more precipitously than it did.

And trust me, if Herzog, Wedbush and the rest want to accumulate shares, the last person they would wish to show to is you. Rest be assured that they can accumulate easily, and most of the time anonymously, by bidding thru INCA, ISLD, BTRD, Brass and the other ECNs. Just explain to me why would they wish to tip their hands to a two bit amateur like you, and more importantly, to the other mms?

<<MMs were hitting the inside bid at the valley of each pullback. It seemed obvious to me they were accumulating.>>
exchange2000.com
Lying and making a fool of yourself once apparently was not enough, you had to do it again. What a pity!

<<Can you read Level II activity? MMs did not sell a single share under 15 into the close.>>
exchange2000.com
You honestly believe anyone will fall for this?? Trust me, JOSE, MASH, TSCO and others sold plenty of shares into the close. Besides, you were the one who stated that the mms were "hitting" the inside bid -- now how can mms (or anyone else) hit the bids without selling shares is a profound mystery.

<<2. If you paid any attention whatsoever to Level II the last 30 minutes of trading yesterday, you might have noticed that MMs were not selling any shares under 15, and were hitting the inside bid, accumulating around 13. If they were planning a dump Monday they would have established large short positions.>>
exchange2000.com
Wow, lying and making a fool of yourself three times is not enough. You just had to do it again. I leave it too you to figure out the fallacies of this paragraph.

I never thought I would nominate someone for the Thread Moron thread, but this time I am absolutely compelled to. Mr. Goldfinger, for once, there is a title for which you are eminently qualified.

Last, don't even try to accuse me of shorting this stock. I did very well on the long side and still hold some shares which I most likely will sell into any speculative buying prior to the CEO's appearance on CNBC.



To: CountofMoneyCristo who wrote (134)12/26/1998 10:54:00 PM
From: Mr. Generic  Respond to of 987
 
Goldfinger, I'm sorry to impose, but what is your professional opinion of the possible action Monday morning on MZON based on what you saw late Thursday.

I was left holding 400 long at 30 over the holiday weekend. I am not on margin, however.

Many thanks .......... George



To: CountofMoneyCristo who wrote (134)12/27/1998 3:59:00 AM
From: Anthony@Pacific  Read Replies (1) | Respond to of 987
 
This is one of the dumbest things Ive ever read..Market Makers DO NOT work for investment banks..
they falli into 3 main categories .

1.) order Flow( very little in the way of holding positions) ie..MASH and NITE

2.) Wholesalers those who trade for the inventory of the Firm itself and who could give a rats ass about the public

3.) Retail Firms that make markets to support reatil activity and who may alos make markets wholesale to increase trading profits..

All 3 types will never let anyopne know what they are trying to do

You need to take a few classes before you can claim to have any idea of what you are talkking about because your statemnets are not only false but are comical in how ignorant they are.