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Technology Stocks : Stock Swap

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To: Yiqun Xie who wrote (17117)	6/13/2000 12:51:00 PM
From: Patrick Slevin	Read Replies (2) of 17305

I am afraid he is probably correct. By the way, I think you must mean the "offer stayed...." not, < He told me the bid stayed $37.25 for 4 seconds, and 37.5 for 20 seconds> Because you were buying on the offer, not bidding as I understand your problem. It's a lot easier to try those trades on the NYSE or even ib the Futures pits. I think on NASD it's a hit-and-miss situation. If they ticked your price then ran up right away...it happens...then it's difficult to posture a case. That 3 minute stuff is for the birds, I think. It just allows them an out. It's my guess that you just weren't lucky with that one... Just my thoughts on it, however.

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