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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Ron McKinnon who wrote (50110)	12/17/2003 1:04:43 PM
From: BWAC	Read Replies (2) of 53068

Anybody else having this problem? This whole week, almost every limit order I put in, gets routed to my good friends at MADF as the market maker. Who seem to be preprogrammed to throw up 100 shares 1 penny below my sell price, or 1 penny above my buy price. Even if I'm 40 cents higher than market, and MADF is out of site. In goes my order at X.40, up they immediately come on level 2 at X.39 with 100 shares. Then we play cancel, MADF disappear, resubmit, MADF appear, cancel, on and on and on. I am tired of their shitty little game of beat the retail investor. Isn't this just what Calpers is suing the NYSE over? I've had 5 overnight limit orders put in this week that ran to the exact limit price of mine, and darn near the last trade that went off before a reversal was MADF and their crap.

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