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tape reading This poll is closed.
go long at bid	19	20.88%
go long at offer	38	41.76%
place short at bid (bullet or conversion) reg sho.	17	18.68%
place short at offer	17	18.68%
Total:	91 votes	100%

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shortseller

Registered: Aug 2002
Posts: 122

09-30-05 11:27 PM

ABC STOCK IS PRESENTED AT

100.00 (56k) X 100.05 (100)

All other factors being equal for the sake of discussion.

do you A go long at the bid ?

do you b go long at the offer?

do you c short at offer ?

do you d place short at bid ?

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shortseller

Registered: Aug 2002
Posts: 122

09-30-05 11:31 PM

This is a continuation of a discussion held live in the chat text today where someone thought it good to go short into a large size bid.. some traders (myself ) considered that a bad move considering the size of the bid is suggesting a large amount of buyers entering or wanting to enter the market. Others suggested (Only after bragging about there tape reading skills) that they want to go into size, Which I fully disagree with. What are your thoughts comments or suggestions. Thank you all in advance.

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The Kin

Registered: Nov 2004
Posts: 3267

09-30-05 11:44 PM

Tricky Question.. need more info such as the average daily volume and float. Maybe even Beta.

If it's a big enough company, I would go long at bid. If it's a smaller cap company, gotta watch out for those Market Makers.

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shortseller

Registered: Aug 2002
Posts: 122

10-01-05 12:05 AM

the intentions of this post is to see "what information is given to us by the bid / offer size" .. sure we can ask other questions but that is off topic as far as this post is concerned. consider the post as asking LARGE size on bid or offer what is it telling us?

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shortseller

Registered: Aug 2002
Posts: 122

10-01-05 12:10 AM

as I see it I would enter a order to go long at 100.01 but I am very interested is seeing how others see it, please share some feed back.

R.D.

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vhehn

Registered: Nov 1999
Posts: 7899

10-01-05 12:21 AM

Quote from shortseller:

ABC STOCK IS PRESENTED AT

100.00 (56k) X 100.05 (100)

All other factors being equal for the sake of discussion.

do you A go long at the bid ?

do you b go long at the offer?

do you c short at offer ?

do you d place short at bid ?

are we talking just nyse or what?

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