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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (103)	7/29/1999 10:09:00 PM
From: JCinTC	Respond to of 112

xcr600, How's it ever going to be enforced and who's going to do it?? That's a good question to ask the NASD & the SEC. If it was up to me personally the first MM caught not honoring his quote, I would fine $500,000 After that you would see MM's following this rule. We'll just have to watch & see how it plays out, if they would just change the rule back to where the min. size was 500 or 1000 shares I think it would be more effective. JC

To: xcr600 who wrote (103)	7/29/1999 11:40:00 PM
From: ynot	Respond to of 112

x, i was looking at delayed L2 on NOPT today and notices swings of up to 1/2 point, at the close price was run up from $35 to $38 back to $34 1/2 and settling at $35 1/2 while i am short NOPT, it really didn't surprise me as i have noticed the pattern in the past couple of days the NOPT long however must have had to change there clothes and wipe their floors seeing such a wide swing after the stock sunk to $30 earlier this week is this 'slippage' here? or something else? either way, i think the firm who employed that MM should give him a big bonus and with the profits even pay some cleaning bills of the anxious longs NOPTurd comedy, but may qualify as educational entertainment for this thread ynot ;)