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Technology Stocks : International Datacasting - Takeover Target?

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To: StockTrakker who wrote (125)6/23/1998 3:44:00 PM
From: M. Merriam  Read Replies (1) of 209
 
I had a strange trading experience today.

I had an outstanding order to sell 5000 shares at 0.345 (min. fill of 2500) which I believe should have been filled yesterday and again this morning but wasn't. When my broker looked into it, the market maker told him that it didn't fill because of the min. fill restriction.

Although I had problems with that explanation, I changed my order to a straight offer at 0.345 with no restrictions. Then another transaction takes place above my offer! My broker calls the market maker a second time.

Around this time, Greenline sells (at a loss) 20,000 shares (the same ones which it just bought today and yesterday?); I get 0.345 for my 5000 shares (although this transaction doesn't show up on the board); and 5000 shares are now offered at 0.345 by someone else (I'm guessing the trader).

Just a simple mistake being corrected or was something else going on here?

Mike
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