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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: wiz who wrote (62363)6/15/1999 1:12:00 AM
From: Peter Goss  Read Replies (1) | Respond to of 132070
 
Mark - The explanation is the market makers. Your asking price had to meet a market maker's bid not a public bid (that's not supposed to be the case but it happens all the time). The reverse would be wanting to buy and not hitting the market maker's ask. Very different from the auction on the NYSE. Much room for the MM's to take their little bit of juice.

Peter



To: wiz who wrote (62363)6/15/1999 9:01:00 AM
From: Mama Bear  Respond to of 132070
 
Mark, it's likely that there's no point in pursuing it. Nasdaq is a negotiated market. Since the trade in question was at the end of the range, it was likely done through an ECN. To put it simply the buyer preferenced the 3/8 bid over your 5/16 offer. It was probably because you weren't offering enough size to fill the order. Take a look today, you might get it a better price.

Barb


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