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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Curtis Frazier who wrote (510)	6/26/1997 11:40:00 AM
From: Gerald Underwood	of 10786

Curtis, I have a core position in ALYD but additionally keep a trading position of 1000 shares to play the swings. I have experienced the same thing as you. Yesterday I tried to follow the price with limit orders and had confirmation delayed for 30 minutes in both of two buy orders and 1 sell order. Had to have my broker call again on buy order 1st thing this morning to confirm. Luckely it transacted at 21 3/4. My broker suggests that possibly rapidly expanding volume of the stock has suprised MM in fulfilling their order processing personnel requirements. Duh. IMO this leaves too much time for stock price to be played around with. Also limit orders are entered after market orders so this has a somewhat delaying effect in rapid market. Gerry

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