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<DIV><FONT size=2>The usage of the island book depends highly on the type of
trading you plan on doing. When I was trading stocks on level 2, the
island book was helpful to know who is in the market. Now days a lot of
the level 2 entry order brokers have the island book incorporated on their quote
system. One way I can think of using the L2 for longer term traders is to
view it at time of entry to see how strong or weak the market is. Again
usually this is just a real short term indicator as even though the market looks
like it has support at the current time, 5 mins from now it may be totally
different.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:cschaaf@xxxxxxxxxxxxx"; title=cschaaf@xxxxxxxxxxxxx>Chris
Schaaf</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, January 31, 2000 8:14
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Island Book Website</DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>A few months ago someone on the forum mentioned <A
href="http://island.com";>http://island.com</A> as a site where traders
can view, in real-time, the bid/ask size of many Nasdaq stocks. I began
looking at it last week and found it to be very interesting, although somewhat
confusing, I must admit. Can any RTs tell me if they use the sight and, if so,
how. </FONT></DIV>
<DIV><FONT size=2>When you have made a decision to buy a stock, let's say, for
fundamental and/or technical reasons, do any of you use "The Island" to
determine an entry price.</FONT></DIV>
<DIV><FONT size=2>Do large amounts of sell orders above the market effectively
show</FONT></DIV>
<DIV><FONT size=2>short term resistance?</FONT></DIV>
<DIV><FONT size=2>Any comments would be greatly appreciated!</FONT></DIV>
<DIV><FONT size=2>Thanks</FONT></DIV>
<DIV><FONT size=2>Chris</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Jan 31 08:15:46 2000
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From: "Chris Schaaf" <cschaaf@xxxxxxxxxxxxx>
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Subject: [RT] Island Book Website
Date: Mon, 31 Jan 2000 11:14:09 -0500
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<DIV><FONT size=2>A few months ago someone on the forum mentioned <A
href="http://island.com";>http://island.com</A> as a site where traders can
view, in real-time, the bid/ask size of many Nasdaq stocks. I began looking at
it last week and found it to be very interesting, although somewhat confusing, I
must admit. Can any RTs tell me if they use the sight and, if so, how.
</FONT></DIV>
<DIV><FONT size=2>When you have made a decision to buy a stock, let's say, for
fundamental and/or technical reasons, do any of you use "The Island" to
determine an entry price.</FONT></DIV>
<DIV><FONT size=2>Do large amounts of sell orders above the market effectively
show</FONT></DIV>
<DIV><FONT size=2>short term resistance?</FONT></DIV>
<DIV><FONT size=2>Any comments would be greatly appreciated!</FONT></DIV>
<DIV><FONT size=2>Thanks</FONT></DIV>
<DIV><FONT size=2>Chris</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Mon Jan 31 08:25:37 2000
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Date: Mon, 31 Jan 2000 11:23:30 -0500
From: Daniel Goncharoff <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
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Subject: [RT] Re: Island Book Website
References: <007001bf6c06$34868d20$3718bc18@xxxxx>
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Status:
The only use I make of the Island book is to see what stocks are trading
in volume via their top 20 list, or the After hours top 20 list, in pre
and post market hours. If there is a stock I like to trade near the top
of the list, I may participate. Otherwise I find it useless.
Regards
DanG
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