This work examines the properties of "good" codes for the scalar Gaussian wiretap channel that achieve the maximum level of equivocation. Specifically, the minimum meansquare error (MMSE) behavior of these codes is explored as a function of the signal-to-noise ratio (SNR). It is first shown that reliable decoding of the codeword at the legitimate receiver and at the eavesdropper, conditioned on the transmitted message, is a necessary and sufficient condition for an optimally secure code sequence. Moreover, it is observed that a stochastic encoder is required for any code sequence with rate below the channel point-to-point capacity. Then, for code sequences attaining the maximum level of equivocation, it is shown that their codebook sequences must resemble "good" point-to-point, capacity achieving, code sequences. Finally, it is shown that the mapping over such "good" codebook sequences that produces a maximum equivocation code must saturate the eavesdropper. These results support several "rules of thumb" in the design of capacity achieving codes for the Gaussian wiretap.