Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: OZ who wrote (763)	10/11/2001 1:19:36 AM
From: aldrums	Read Replies (2) of 867

Copy of letter to SEC: To:rule-comments@sec.gov nasdaqtrader.com Please see the link above for the proposed rule I am commenting on. I could not find a file or rule number on the SEC website. I urge the SEC to deny the NASDAQ passage of this rule proposal. Reducing the displayed share requirement to only 100 shares will only serve to reduce liquidity from the market by the very people (NASDAQ Market Makers) who are required to provide it. The passage of this rule will make it much harder for the individual investor or trader to get the best price on his or her trade. Most annoying is that if you read the Head Trader Alert the NASDAQ has already assumed this rule will be passed and plans to implement it on November 1st, 2001. This is only three weeks away. How can this rule be implemented when the rule proposal is not even posted on the SEC website for comment? Sincerely, Alex Luce

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