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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Fortune who wrote (41367)12/8/1999 7:17:00 PM
From: Dustin  Read Replies (1) | Respond to of 108040
 
Mr. Fortune, does AB Watley not allow you to "cross the market" with island? You mentioned that it was hard to buy a fast stock with island, but actually that is what island is best for IMO.



To: Mr. Fortune who wrote (41367)12/8/1999 7:58:00 PM
From: KevinMark  Read Replies (1) | Respond to of 108040
 
Either one of 2 things. 1. Some stocks are not "SOES"able. Therefore, you received that message. Less than 5% aren't. Probably more like 1-2% aren't. Nasdaq and the SEC determine this. More than likely it wasn't SOESable due to how thin it is. Very small float.

2. You placed a SOES order when only ECN's were on the bid or ask.

More than likely, #1 applies here, because I never saw an ECN on the bid/ask until volume started pouring in. A very difficult fill for me as well. In such a thinly traded issue, you almost certainly have to go above the ask with a limit to get filled, when only MM's and no ECN's are present. Happy trading.