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Alias Born | 01/04/2007 |
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Sunday, June 10, 2007 9:50:47 PM
It also means guys like us can't fight the painting done by the MMs. Often times when you see a POS like HILL or ABLE working the ceiling we can throw a bid out on their ask and watch em run for cover. I believe and have complained accordingly that ST and TDA are conspiring with the specialists in their favor....after all wall street is a scratch my back sorta club! As long as the SEC allows the online brokerages to "make their own rules" by means of user agreements they will get away with this as they please.
These guys will play the game both ways all day long grabbing 2, 3, 4 cents at a time which can be 10-20% flips for them going up or coming down.
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