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Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (66)	4/11/1999 3:42:00 AM
From: Savant	Respond to of 314

Always amazes me how resistant to change some are, how some embrace it, and some go with the flow...can't stop it, so why not do as the saying goes... ......Adapt Or Die... Having utilized the US exchanges, MMs, Canadian system, overnight commodity trading...I know..It will work, people will adapt. As far as the system I prefer, US vs Canadian....Canadian wins hands down. Sure is nice to be able to put in a bid or put in an offer and see it show up right where it should be in a matter of seconds. Fie on those market makers..let them get a day job...maybe they can get better at cheating at golf. An example of the way MMs screw with the spread..when a US person wants to buy some Canadian stocks that only have a pink sheet spread, the MMs take the Canadian legitimate b/a and mark it up on both sides..plus a little extra for baby's new shoes..I have seen 15-25% mark ups..outrageous. Of course I am sure there are some that are purer than the driven snow, and some in between (Like I wish I could get on some of the BBs). Any around long enough to have been trading/investing in '87 knows what happens with MMs when the SH!T hits the fan..they disappear, don't answer the phone, drop the bid like a hot potato or jack the offer like a moon shot..liquidity..ha ha ha..right. They are there when it suits them. Only reason SOME of the spreads are tighter now is they got caught with their panties down and fined..not enough in my book. In fairness, the traders/specialists in Canada have their own games, but the long and the short of it is....I can put my order in...see it where I put it...and usually get filled in the sequence in which it was placed....the way life should be. Overnight? Well for investors, should be like an all night grocery..use it if you want, don't if you don't. For traders, same thing. In the night time commodities, in the beginning, the spreads were wider, but not bad..now a lot better with higher usage. Positions are being taken around the clock, around the globe right now. Why not let anyone interested partake? Market orders? Ha, ha...day or night, better have the liquidity in the market, or you will get eaten. Someone suggested the brokers "watch out" for you when you place a MO..double haha..better not be 5 minutes till lunch time..he might watch for 30 seconds..maybe. As for the traders..well they (and I sometimes) can adapt. Stop when you feel like it, most probably break for lunch or golf on a nice day anyhow. Technicals? Well we probably will have to adjust our systems. Give us something to stretch our brains. All night news? Ever watch what really happens all night..it's out there..all day, all night. The REAL news is captured days and weeks ahead by the "big boys" and wannabes anyway..check the charts..it's there a goodly portion of the time....stop stop stop..I just had an urge..I wanna buy something..no no..I wanna sell...I can't? ................WHY NOT?.. Best, Savant PS...Isn't it about time we went decimal...like our monetary system, for instance? PSPS..Birdies are saying Etrade is getting set up for in house trading between customers and perhaps with GS also.