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Great example of the game Mark. Nice they let us play on their court eh?
----- Original Message -----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, March 02, 2000 10:09 AM
Subject: Re: Block Orders
> this was years ago when the sp traded 5 tick increments.
>
> I buy a 1000 sp's at a named price like 450 but i give them a 30 tick
> range around that price to fill it. So I'll take anything from 450 to
> 450.30
>
> Next thing I know I get exactly half the order done at my specified
> prices - but not the whole order.
>
> Next the market dips a couple of points lower "real fast" on the chart
> its the single ticks that look like a V - what was that I thought to
> myself.
>
> Just as soon as it dipped down it rebounded and the second half of my
> order was filled.
>
> >From there the market blasted off like a rocket.
>
> So what was the V all about? Well if you knew that a big commercial
> buyer was going to drive up prices. Why not take a little time and
> position yourself so that you could buy lower and sell higher. That
> is if you knew for sure that there was a buyer at a higher price that
> would take delivery on what you were selling.
>
> So in layman terms if I knew there was going to be a hurricane in
> homestead Florida and rip off all the roofs maybe i would be smart
> enough to buy up all the shingles in the outlying areas not effected
> before the thing hit.
>
> Or what if I could tell the hurricane to stop in the middle of its
> destruction and wait for me while Ii buy up all he shingles. Then
> after I get them all bought up - I tell it - it can continue.
>
> Hurricane Brown
>
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