is mr short my friend tonight., page-22

Blues

When they hit me it was Futures dealers and CMC only reflected the SPi action but since I have seen CMC do it on their own.

Obviously it is tempting when brokers can see a buy stop way above the market and nothing much in between.

In my case I actually had 3 buy stops at various levels, which they can see but us mere mortals can't.

They took them out to my exact highest point in less than a minute and returned to the original price. Yes, a 65 pt price spike in less than a minute and back. That was more than the market had moved all day. After fair trading spoke to SFE, SFE told me they asked the dealers to please behave responsibly. They said they would but of course I have seen it happen several times since to other poor buggers.

On occaisions, some of these runs are cancelled but mostly not.

It is sad, as genuine stops are important to the whole trading process and ripoffs harm the overall institution.

If volume was greater then it wouldn't happen but because of these actions fewer people avail themselves of night stops and so it continues, with each sucker getting shafted and never returning.