Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.87

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Dec 5 9:30 AM EST

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To: Vaughn who wrote (14324)	1/18/1998 4:53:00 PM
From: Vaughn	Read Replies (5) of 70976

**OT** To all: I am a relatively new investor with a question about trading and market maker practices. I looked around SI and couldn't find an obviously appropriate thread to post this so I thought I'd start here and the IOM thread. The following is a real situation that I encountered when trading an OTC stock. I have read some NASDAQ trading rules that cover this but since the subject company is not NASDAQ, I was wondering if anyone can offer opinions or direction to points for further research. Until I am able to satisfy myself with an answer, I don't think it is a good idea to share the specific stock or brokerage involved. I have talked directly to the local rep for the on-line brokerage house where the situation occurred. I am not comfortable with the answer provided so decided to get some more opinions and do some more research. Discussion example of situation which has happened twice in three days: Early in the trading day I put in a sell for 2000 shares with a limit of $10. Sell order was for the day and there were no other qualifiers. Much later in the day, long after I received order confirmation, one or more transactions went off where the sell price was higher than my sell order. However, none of my sell order was executed on either occasion. One time the sell price was 1/8 of a point higher and the other time it was 1/16 of a point higher. I never did see the bid price get to my ask price. I assume that someone paid more than the best available price for the stock they bought. This is very confusing and disturbing to me. Any thoughts or opinions would be appreciated. TIA, Vaughn

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