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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: James Rogers who wrote (67)9/9/1996 3:07:00 PM
From: bill tilghman   of 308
 
James, I agree with you; always use limit orders unless you are just bailing out of a crumbling stock. Also you are correct, SOES will gaurantee that you get the inside bid or ask price. However, the sec has already acted to require that market makers reflect customer limit orders in their quoted prices. This new rule will be phased in starting in January. It is possible that they will approve NAqsess in time to impliment it concurrently with the new SEC rules.

One other point, if you get a bad execution, call your broker on it. Show him your trade data. Demand better pricing. This is a negotiated market, so negotiate!
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