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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: HandsOn who wrote (35261)5/3/1999 1:29:00 AM
From: MARK C.  Read Replies (1) | Respond to of 90042
 
Heres a couple of interesting posts from Raging Bull thread: #1

By: seawind
Reply To: None Friday, 30 Apr 1999 at 7:43 PM EDT
Post # of 911


Accidental things happen at the end of each day's closing 2-3 minutes at least for the past five days:
What ever the biding quote is, big ask blocks with a tick above the bidding price placed through ISLD (?) freeze the trades.
I noticed it last Friday and then again last Monday and Tuesday, and it was the same blockade for the rest of the week.
Is it just a coicidence or is somebody trying to control the movements of the stock price within a bandwidth?
Does anybody have any ideas, if such a strategy makes sence?
seawind