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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (2440)	1/26/1998 7:46:00 AM
From: Mike Schoonmaker	of 4969

Steve, I will have to concur with you on this one. Only last week, I had buy stops in on MSPG and SFXBA. The mm lifted the offer on each, turned my buy stop limit to an order, and took my $$, while one had 1 1 point spread and the other 3/4! Of course, in both cases, these trades were the high of the day! If they had only waited till the order printed at that stop price... I'd still be holding my cash! Gonna have to move to mental stops! Schoonie

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