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Non-Tech : Web Street Securities (WEBS)

WEBS 20.05

-3.3%

Nov 28 4:00 PM EST

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To: TraderAlan who wrote (526)	8/1/1998 7:48:00 PM
From: Jim S	Read Replies (1) of 1339

MMs now are routinely removing orders from automatic execution and entering them into a manual queue so they can control the order flow. Wow, Alan. Was this a floor guy BS-ing you, or do you think it is real? If true, it is a license to steal. If there is any confirmation of this, it should be shouted from the rooftops. Well, from a lot of SI threads, anyway. Or, maybe we should all just have a moment of pity for the poor MMs, who may not be making as much as they like because of all the new SOES and other daytraders. Good trading, jim

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