Re: stepping in front of size

["Kent Rollins" <kentr@xxxxxxxxxxxxxx>]

I have seen interviews with discretionary daytraders on CNBC where some of
them acknowledged using this method.  Also, I remember an interview with Art
Cashin on the floor right after the NYSE switched to decimals from fractions
and he said that he was seeing quite of bit of it.

Kent


----- Original Message -----
From: "David Folster" <mr_bond@xxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Wednesday, May 15, 2002 10:40 PM
Subject: stepping in front of size


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