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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (4794)	4/17/2000 9:45:00 PM
From: Jay Fisk	Read Replies (1) of 4969

Interesting read for background library.northernlight.com The Long and Winding Road Summary: warning: delays ahead; Picture this: It's the morning after a big tech-stock clobbering, and you smell a buying opportunity. So you quickly log onto your online brokerage and key in your order. And then you wait. And wait...as the ticker symbol swims by in a sea of green--up a point, then two, then 2 1/2. You start to get nervous, wondering what's going on with your order. You know there's no stock runner racing down to the trading floor, waving your offer to buy 100 shares of eBay at a crowd of sellers. But what really does happen when you place an order? Frankly, we wondered too. So FORTUNE decided to poke inside the sausage factory that is the modern stock market and see. To be honest, the answer, as shown in the chart below, turned out to be dizzying.

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