|
PureBytes Links
Trading Reference Links
|
It's no longer relevant, imo. It may have been, several years ago when Cooper
wrote that book. But these days, most big orders you see are "spoofed". They
vanish when prices get near, or a few thousand are filled. When somebody does
want a lot of stock, they usually hide it. Would you tell the whole world
that you wanted to buy 20,000 shares of something? It's easy to hide big bids
now with Island, Redi, Arca, etc. You just set it to show 1000 and then
auto-refresh every time you're filled until your whole amount is filled.
In a message dated 5/15/02 7:53:48 PM Pacific Daylight Time,
mr_bond@xxxxxxxxx writes:
<< List,
I am curious to know if anybody trades that Jeff Cooper idea of "stepping in
front of size"? How much success have you had? The idea is one of the only
daytrading strategies I've seen that makes good sense to me. My
brother-in-law is a fund manager and he says that when his firm is trying to
accumulate a large position in an illiquid stock that it can often take days
or weeks and that yes, big orders will move the market like Cooper says.
Any comments?
Thanks,
David
>>
|