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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: LzzrdKing who wrote (4003)5/6/1998 8:20:00 AM
From: steve goldman  Read Replies (1) of 12617
 
Lizzard, out of nowhere, again...

I find your twisting of language totally inappropriate. I never stated anything close to the fact that anyone did not 'obey' a customerorder, nor was the word excuse ever mentioned. The client was informed of the position, given the recommendation to let us work the order, which the client agreed to, for which the client got a 3 point price improvement. A good move. As the client if he minds the 3 points.

As to ENMD doing what it did, what the heck is a wholesaler? I think those are they guys down at the docks who sell can openers out of their trucks. I think you mean to say market makers or third market makers. Instintet by the way is a fourth market maker. As far as the "wholesaler putting large bigs on instinet before the open, not getting filled on much and running this thing higher', I didnt understand what you were referring to. If you meant that market makers bid the stock higher in anticipation of filling open market orders at the days high, shorting to the retail order,then covered as the stock fell apart, that is exactly how they play the game.

BTW..there is an investigation today about the executions and late prints regarding that stock from the past few days' action. LEts see what comes of it.
-Steve
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