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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Peter C. who wrote (6730)	5/13/1999 2:17:00 PM
From: Rande Is	Respond to of 57584

Peter, I had thought of MM balancing, but that usually happens before or after the bell or in 10k, 50k or 100k lots. . .and yes, it does appear in time or sales and represents a much larger percentage of volume in a Nasdaq stock than most people realize. . . perhaps as much as one-third to one-half of Nasdaq transactions can be swaps between MMs to fill outstanding orders that they may be holding or for their own purposes. Rande Is

To: Peter C. who wrote (6730)	5/13/1999 2:33:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Peter. . .I am getting a sneaking suspicion that the same person that placed that 65k sell at 3 1/16th all or none. . .has placed another just like it at the same price. . . . Notice ask will rise but won't fall. . .and bid will fall but won't rise? Spread will not tighten up today. . . I wish this person would get a clue and break up their sells into small pieces and spread them out some. . . we would probably be at 4 right now, if it weren't for that one person trying to sell everything at once. Rande Is