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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: Bilow who wrote (1316)2/17/2001 10:11:23 AM
From: Don Pauley  Read Replies (1) of 1426
 
Let me see if I understand this on the spread. The bid/ask could have been 14 3/4 X 15. the 14 3/4 could have been the highest a MM paid to buy anybody's stock, but the MM was able to turn around and sell to somebody else at 15. Since the bid never got to my price (14 7/8)to take my shares, it never got executed. The shares sold @15 would have been shares bought earlier by MM at 14 3/4? Wouldn't the buyer still have been better off to get my shares @14 7/8? This was a Day Order put in @9:20.
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