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Strategies & Market Trends : From the Trading Desk

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To: Paul K who wrote (2601)2/20/1998 2:42:00 PM
From: steve goldman  Read Replies (3) of 4969
 
There are a number of messages I have posted on this thread and IRBY's regarding this. If anyone has them bookmarked, please post the url here.....

The NASDAQ is made of MM's. There is no one central marketplace with one person in charge of the stock, like a listed exchange and a specialist.

The firm does not want to be open to even the chance of impropriety.
Do they execute your stop when its bid there or prints there?
What if they are the ones with the best bid and they step away so it hits your limit and they ake your stock at your stop which is lower than what they really were bidding for?

I would be glad to go into specifics. If the above doesnt help, take a look back in the thread and find the long post re: stops.

Regards,
Steve@yamner.com
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