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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.320+9.8%Jan 15 3:59 PM EST

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To: William Harvey who wrote (30601)3/19/1998 11:13:00 PM
From: Pat Garaffa  Read Replies (2) of 41046
 
Bill,

I'm curious as to what method you are using to determine what is ocurring at each transaction. I have no problem reading what is happening when a trade goes off at the bid or ask but what about the trades inbetween?

Also, what about the trades that occur immediately after the bid/ask is altered, sometimes within fractions of a second? Could the trade price be based on the the bid/ask that was posted prior to the last change?

The new trading log that Jacksman uses does not include seconds. I could more easily make my point using that log.

For instance: What ocurred in # 2 below?

1. FTEL 2:33 8 -- 0 3.750 3.781 5x5
2. FTEL 2:33 8 3.781 1000 -- --
3. FTEL 2:32 8 -- 0 3.750 3.812 5x5

Thanks for any help.

A long time fan!

- Pat
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