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 : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Sterner who wrote (5649)	1/7/1999 2:47:00 PM
From: LastShadow	Respond to of 43080

Tom Actually we are both right. I checked it in real time with Steve Goldman of Yamner on SKYM a while ago. Remember that on the NAS they don'thave to keep the bid/ask up for long - they can show it and then take it away. Sort of like advertising intent to see what interest there is. The Level II window will show the current buyers and sellers, and which mm is on which side of the trade (and they can flip that). Even thogh the SEC can now monitor the phone calls between the mm's (because, surprise, surprise, they determined they were colluding to keep spreads artificially wide), they can still call one another to make trades. So although you are only seeing the largest STILL DISPLAYED bid/ask, it is still the largest and not the last. lastshadow