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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 17 4:00 PM EST

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To: lavalamp who wrote (7803)11/17/1997 12:11:00 PM
From: spinynorman1323   of 13091
 
lavalamp,

Form T trades are those which OCCUR after 16:01:30 (90 second rule) or before 0930 on the NAZ. The MMs are required to report those trades on, literally, a hard copy "Form T". The volume from Form T trades is included in the daily total but the price is not (ie. if it makes a new High/Low/Last). Selecnet, Instinet, and other ECNs are the source of these trades.

Essentially, the difference between "sold" and "Form T" is that sold trades are being reported later than when the actual trade occurred (theoretically more than 90 seconds, assuming our beloved market makers are efficient and integrity-laden!! yyah!).

LLLPaR Mark
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