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Technology Stocks : NOPT: Northeast Optic Network, Inc -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (393)	7/31/1999 12:10:00 PM
From: VincentTH	Read Replies (1) \| Respond to of 708

ynot, The Manning rule allows Nasdaq MMs to match buyers and sellers whose limit orders are between the Bid and Ask. Thus, the prices are better than their expressed limit orders. In this case, there was a buyer at 38 1/2 which was matched against Tom's order, giving him a short sell at the high of the day. For further reference, c.f. Archive-Name: gov/us/fed/nara/fed-register/1997/sep/17/62FR48912A, Posting-number: Volume 62, Issue 180, Page 48912A Hope this helps, //V PS. I was too slow, my order was executed at 38, but that's a +1 3/4 pt for me.