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Strategies & Market Trends : The picks
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To: p. webster who wrote (1971)1/15/1997 10:23:00 PM
From: Steven Messina,L.M.T.   of 6124
 
Re: INNO

P. Webster,

I placed a trade today with a bid of 25/64 (.39). Now here's where I'm a bit confused. Between 12:30 and the close, the intraday chart showed ultra-thin trading between .375 and .40. My question is, "why didnt my order get filled sometime within that trading range?" I just phoned Lombard and spoke to one of the brokers, and he said, "well...gee I dunno either......either someone was ahead of you in placing their order, or perhaps your EXACT limit order was not reached". Any insight into what the REAL reason may have been? I smell some MM stank here!

Regards,

Steve

INNO closed down 1/64 today at 3/8. Bid 3/8.....Ask 13/32.
With the ask at .40, the chances of getting filled tomorrow seem to be in my favor......but who knows!
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