Recent content by Judge Smales

Agreed. The unfortunate consequence of letting the rest of the world fend for itself would be unprecedented global casualties. I think a point the essay touches on which is underreported in the press is how the Bosnian muslims feel about the US. It is approximately 800 miles from Paris to...

By Stuart Taylor Jr., National Journal © National Journal Group Inc. Monday, March 3, 2003 Imagine President Bush responding as follows to the latest rebuffs from France, Germany, South Korea and others and to the stunning surge of anti-Americanism around the world: Some of our...

You are imagining things. Maybe what you are seeing is a market maker who is working an order. He needs to commit capital to a customer, and given the thin nature of the stocks in question, he crushes bids or lifts offers for .50 so he doesnt get killed on the order. He works stock behind...

I use the tick, but not for scalping. The tick is most useful at tops and bottoms of the market. If I see 2 large downticks two days out of three, I get extremely long. Doesn't seem to work as well on the upside, or maybe I'm just caught in the frenzy and don't notice it.... Other than...

The way a lot of big cap institutional floor trading is done is by spliting prints (ie. participate with the buyers or sellers). Tape reading is much more effective in non market stocks, or stocks where there is news.

Don't know the Generic deals, but I know lava. Watcher and Hammer are both better. It's ok, but inferior to either of those two platforms, IMO. Lava is installed on a lot of institutional desks, not their own technology.

Most desks let you overweight/underweight certain issues to juice your results, or position trade around indexing. Also, some desks will guarantee the inside market for up to x number of shares for the index guys to get the order flow. If MMM is trading 125 to 125.14 and a basket comes in to...

not sure that the storys are great, but the lyrics are: Old man down way down down, down by the docks of the city, Blind and dirty asked me for a dime-- dime for a cup of coffee I got no dime but I got time to hear his story: My name is August West and I love my Pearly Baker best...

Careful who you talk to. What you are describing is collusion, and the reason mm's got sued in the early 90's.

If you are getting Bloomberg primarily because you think the news service is faster, I would disagree. It is fast, and sometimes it is faster(than say Bridge/Reuters), but not always. There are occasions where Bloomberg will put out a report days after news has been announced, you will...

Your question is unanswerable as phrased. It completely depends on the name you are trading. $3 million is not a particularly large amount in a $3bill market cap, but it depends on the issue, float, market conditions, etc. BEAS I think has a market cap around $3Bill, and you can buy $2 mill...

I believe you can get BridgeStation from Reuters for about $450/month. Much easier than Bloomberg, same in terms of time(faster in many situations), and cheaper.

I have a direct feed and trade on the ARCA platform, it has really sucked for about the past 2 months. Crossed markets, not getting fills I was clearly due, stacked ARCA bids/offers which are way away from the actual market. Trying to trade ARCA on news is a complete joke. I am using BTRD...

1. Richard Wyckoff 2. Steve Nison 3. Joe DiNapoli Wyckoff is hard to find. His work in my opinion will help you to understand how to trade better than any books which have been mentioned on this thread. Nison is candles, DiNapoli is confluence of trends using fib #'s.