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Non-Tech : Interactive Brokers / Timberhill

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To: Dan Duchardt who wrote (996)	1/13/2001 5:02:56 PM
From: John Megert	Read Replies (1) of 9012

So...you're saying that when I see a group of lots (at the lowest ask price in LVL2) that ISLD is not in and I submit a buy order, ISLD is not actually executing against one of those in the list. What it's doing is putting my buy (bid) on their books and someone is specifically selling to me. If these statements are correct then I definately was ignorant and you're right, I was benefiting from high liquidity. Anyway, it's been working because (excluding this last week) I've been doing very for the last seven weeks (when I changed my trading style and target stocks). I hope now that I'm getting smarter I don't trade worse. Thanks for the reply and let me know if you have any suggestions or further enlightenment. John.

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