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Re: investorEng post# 14038

Saturday, 05/19/2007 8:37:10 PM

Saturday, May 19, 2007 8:37:10 PM

Post# of 44848
I'm gonna have to say that your theory on MM signals like "911" is a myth. What do you think would happen if we put odd-ball buys in all day...don't you think that would confuse them? Yes, and that's why I don't think they use signals like that. Here is a paragraph from an article written by a former market maker.

The Anatomy Of A Market Maker: Pushing, Shoving, Bumping And Making Money
By Lee Lowell
Advisory Panelist, Mt. Vernon Research

The Roar From the Floor

I was hooked the moment I stepped onto the exchange. The decibel level and energy you could feel as you walked around the pits was captivating. It was loud, chaotic and an entirely different kind of workplace. Just watching the guys in the pit yelling and flashing hand signals back and forth told me that this was an environment that I had to be a part of. This is where fate stepped in and dealt me a remarkable hand - a true case of being in the right place at the right time.

Very simply put...someone that has a lot invested waited until 3:59 to put in that 911 buy at the end of the day. Makes the charts look better and we didn't lose 10% on Friday. Maybe traders put in buys like that to tell the MM's that their days of holding a stock down is coming to an end smile This is JMO.

This is a message board and everybody should already know this, however...........
Everthing I post is my opinion, unless otherwise stated.
Do your own DD before buying or selling a stock...Stayeven