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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (4234)	2/21/1999 2:29:00 PM
From: ayn rand	Read Replies (2) of 4969

Steve, I had an interesting trade on Friday that confused me. I shorted CYOE and just filled an order for 2,000 shares @ 6 1/8. So then I placed an order for another 2,000 shares @ 6 1/4. Well, 6 1/4 was the high of the day, so imagine my surprise when I found out that I got a partial fill of 1,500 shares @ 6 1/4 a little later. In the past I have had this happen before, but later a stock would crash through my limit and I just figured it was some MM shenanigans, but the high for the entire day on Friday for CYOE was 6 1/4! Well, I'm certainly delighted with the partial fill, just confused on the trade. How is this possible in view of the uptick rule and all?

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