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Technology Stocks : RGFX Raster Graphics

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To: Raymond J. Ashe, Jr. who wrote (154)8/7/1997 7:55:00 PM
From: Sam Citron   of 593
 
<<if you leave a limit order with your broker (and he does not make a mkt in the stock) chances are very good you will increase your chances of being filled between the bid and the offer if you ask him to show your order on selectnet or/and instinet.>>

I will try this. Thanks for the tip.

<<If your broker is a market maker than he should be able to fill your order at the offering net or less(with a 1/4 or 3/8 or more spread such as this stock has)if he is really working for you, provided you give him an order of enough size(1000 or more shares min) to cover his cost plus something for his own commission.>>

I don't follow this. If I am buying and there is a .5 point spread, how does it help me if I buy at the offer? If I am selling, don't I still have to accept the bid. I thought that the only benefit of trading with the market maker was that I pay the spread instead of a commission.

Thanks for your advice and help clarifying this. How do you know so much about NASDAQ trading? I've been trading stocks for 30 years but have never learned the fine points on improving executions.

SC
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