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Non-Tech : MB TRADING

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To: kaz who wrote (3942)	2/15/1999 8:43:00 PM
From: max	of 7382

Paul- <<Regarding buying a few ticks above, selling a few below, are you talking about stocks with a wide (1/4 point or more) spread? >> Actually, I'm talking about taking out an ISLD offer which is ABOVE the best ask by a tick or two. This only works on an extremely fast mover with momentum. Normally, this is only something you would want to use on the "flavor of the day" which has daytrader provided momentum. I've paid as much as 1/4 above best offer to get in something that could very well be 2 points higher in the next 5 minutes, but believe this is rarely necessary in the legitimate large caps. Hope this helps- Max

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