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Technology Stocks : Analytical Surveys (ANLT) computer maps

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To: Jody Ritchie who wrote (1031)7/21/1999 5:19:00 PM
From: Michael T Currie  Read Replies (1) of 1157
 
Jody,

It depended on how many shares were available at 6 13/16 and 6 3/4 and if you put in an 'all or none' order for a large number of shares. For example, let's say you were trying to sell 1500 shares. If the MM's had 300 available at 6 13/16 and 2 market makers had 2 blocks of 500 each at 6 3/4, then there was not enough stock available at your limit to fill. Or lets say that the stock was moving fairly quickly and there were orders ahead of you. The shares available at your limit may have run out before your turn came up.

There are lots of possibilities. It's one of the very strong reasons to subscribe to a Level II service or at the very least take a look at the Island book viewer:

isld.com

This is incomplete, but can act as a proxy for Level II in active issues. Hope this helps.

Mike
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