TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: SSP who wrote (33240)	3/4/2000 5:49:00 PM
From: star56	of 150070

Outstanding article - Thanks SSP. I think Knight has a lot of us labeled who use MyTrack!!! "Knight's systems watch for investors who consistently make money trading against the firm. For such a customer, Knight may restrict or suspend the promise to automatically execute all trades at the best price posted anywhere. Knight also occasionally suspends this promise during "fast markets." Suppose a mention on CNBC triggers a surge of buying or selling in a stock; Knight can suspend automatic execution after it has accumulated a long or short position of, say, 25,000 shares. Then it switches to manual execution and fills orders only against another customer or another dealer -- a slow process during which the stock may move a lot. Knight tells online brokers when it has restricted automatic execution, but the brokers typically don't notify investors. In a volatile market, an investor may not get his order executed for several minutes.

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