Silicon Investor (SI) -- The First Internet Community

To: Evil Speculator (tm) who wrote (17867)	3/4/2007 12:38:20 PM
From: Eric P	Respond to of 18131

To anyone, but particularly those who are trading via algorithms: I'd be exceptionally careful at the open tomorrow morning. From all I've been hearing of the various tests that went on yesterday, Regulation NMS may very well arrive with bad quotes, locked/crossed markets, and both trade-throughs and price discontinuities on a major scale, at least initially. Excellent point. I actually hope that the implementation has a few problems along the way. That would be another nice addition to the recent volatility, and nothing like this typically goes off totally smooth, anyway. The rise in volatility this past week has been great for my trading (best trading week in history). I hope the rest of you had good weeks, as well. The next week will likely be more of the same, semi-wild trading with increased volatility. Best of luck, -Eric

To: Evil Speculator (tm) who wrote (17867)	3/5/2007 10:49:13 AM
From: ahhaha	Read Replies (1) \| Respond to of 18131

1. Regulation NMS, though well intended by heroic regulators, has been co-opted by various groups!* Can you be more specific? 2. Regulation NMS is being sabotaged by various groups in order to avoid the new (and ostensibly 'improved') trading rules!* Which groups are avoiding which rules? 3. Regulation NMS is just another in a long line of ploys to separate the "little guy" from what is - of course! - rightfully his: the opportunity, nay, right, to access all quotes posted by all market participants and centers - for free and at their expense technologically Isn't it the case that anyone only has a right to know the best price? - and, most importantly, without risk of adverse movement. How can the access to information about price alter price? Loss, you see, is utterly of, and evidence of, "their" doings. That's always the case, called "businessman's risk". Can't beat the return needed to overcome that risk, so one shouldn't take it. It's very difficult to make money trading, very easy to make it investing. Short term info about price is only of significance to trading.