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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (13893)2/23/1999 4:57:00 PM
From: RobbRacer  Respond to of 122088
 
Yields,
I believe a phantam bid is a bid that is on level 2 that the system continues to display on some individuals' screens but not others. This happens sometimes with fast moving data and it gets stuck there. I remember not too long ago trying to hit the bid of a MM that did not really have a bid there. Most people did not have him on lev 2 but I did.
Ghost in the machine,
Rob



To: Land Shark who wrote (13893)2/23/1999 5:09:00 PM
From: Mama Bear  Respond to of 122088
 
"Those phoney bids are called "phantom bids" are they not?"

They may be, but I've never heard them referred to as such. I use the term 'juice' bid (ask).

'INCA is juicing the ask with 500', means Instinet is showing an offer of 50000 shares, and I think it's phony.

Barb


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