Q&A | JUL 2004
Q&A by Don Bright
Q&A by Don Bright PENNY ENVELOPE When enveloping intraday using the New York open book, would it make sense to place a bid (say, 200 shares) a penny above a really big bidder (20,000- plus shares) and offer a penny or so below a really big offer, in hopes of getting price improvement when (and if) the specialist cleans up those big blocks? Aren’t the bigger blocks likely to be completed as negotiated trades (and therefore offer the opportunity for price improvement)? Is this a good way to place envelopes? Thanks — Guy Truicko
by Don Bright
Technical Analysis of STOCKS & COMMODITIES
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