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Non-Tech : Traditional brokers/SEC conspiracy -- Ignore unavailable to you. Want to Upgrade?

To: Wiselight who wrote (40)	10/6/1999 9:16:00 PM
From: nick nelson	Read Replies (1) \| Respond to of 104

Good article. <<There is a huge emphasis these days on investors getting the best price, even though an eighth of a point here or there matters only to aggressive traders. >> "Aggressive traders?" Excuse me... 1/8th of a point on 5000 shares is $625.00. That is more money than many hard-working people can earn in a weeks (40 hours) work. Why should I give it to some thieving market maker or specialist when through the ISLD ECN we can match buyers and sellers for $10.00 BTW, for a couple of hours today - during the middle of a VERY ACTIVE trading day - the con artists at the Nasdaq decided to try-out some new software and use their ECN competitors - ISLD, Brut, and Instinet - as the guinea pigs. Needless to say - IT FAILED! and Nasdaq refused to display Datek customer's NBBO. No harm, no fowl - just another concrete example of the willful, deliberate, and fraudulent manipulation of individual investors "missed opportunity costs "and just blaming it on softwarte/hardware malfunctions. Only a complete idiot (or one actively engaged in fraud) would change horses in the "middle-of-the-stream" during a flood of 1,174,900,000 orders.