The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (2489)	12/5/1998 12:17:00 PM
From: Don Pueblo	Read Replies (1) of 90042

Now you're telling EVERYONE! Hey, I gotta tell you a story. This guy I sit next to likes to come in early and trade on ISLD before the market opens. Yesterday he was watching a stock and he thought it would move, it was about 8:30. The bid was 3 1/4 the ask was 3 7/16. He bought 1000 at 3 7/16. About 3 minutes later, INCA went out on the bid for 4 1/2 for 100. Some other guy on ISLD jumped in behind him at 4 1/2 for 1000 and my buddy hit him. Then the INCA guy went away. LOL! Then about 10 minutes later, the guys at ISLD called our place and they talked to my buddy. Seems the other ISLD guy (some day trader somewhere) was claiming he had "made a mistake" and wanted to bust the trade. Now, during market hours, they could do that, since the trade went outside the bid and the ask. But outside market hours, anything goes. So my buddy said, hey, this guy jumped up behind INCA because he thought the stock would rip, he screwed up, too bad, I'm keeping the 1100 bucks, adios.

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