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Depending on your particular tweak of oddball, it produces an average trade
of 2 to 5 SP points. If it became popular enough that the pit took notice,
they could certainly effect the quality of your oddball fills, without
having to move the nyse. If an ob buy is approaching at the top of the
hour, they run the price up a couple of points, then sell to the ob masses
and move the price back down. This doesn't "break" the oddball system
itself, but it reduces the performance from 2-5 pts per trade to 0-3 pts per
trade.
Questin is: will ob garner enough interest to create a predicable surge of
trades at predictable times? I doubt it. Small account traders won't
create enough size to interest the pit. Bigger players will soon tweak
their ob system to avoid the crowd, if the crowd was thought to be hurting
their fills.
All imho.
-Jeff
----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxxxxxxxxx>
To: <auto303171@xxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Friday, March 01, 2002 4:30 PM
Subject: Re: Mr. Myxx and Oddball?
> Hello auto303171,
>
> there's one assertion here I would like to have Mr. Auto or someone
> explain to me. how could a system like oddball, which according to mr
> auto is not very good anyway, induce the big guys to fade it or
> whatever. We're talking about the NYSE here--minimally a billion
> shares a day, 4000 stocks. so the rascals go out and buy / sell all
> the nyse issues in order to tilt the advance decline so a bunch of
> hacks will issue their oddball signals in the futures market,then they
> manipulate all those issues to got the other way, force the hackers
> to reverse; then send the 4000 issues the other way.
>
> I'm having a little trouble believing that the people who read Active
> Trader and/or to MB's website and/or subscribe to the several lists he
> participates in are the center of the stock market universe.
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