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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (26107)	1/19/2000 1:41:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 56535

a biotech trade: Swapped some TGEN just under $9 for GZMO just above $6 today. Sorry I did not post it earlier, I see the ask for gzmo at the moment is at 7 1/4. That Gliatech is looking good, it got an upgarde to strong buy from Prudential today. I have some GENXY which is doing well today-- maybe the ADR's are going to start driving the French stock market, the Nouveau-Marche-- I see that Genset closed up strongly today to around 81.5 Euros.

To: Mike McFarland who wrote (26107)	1/24/2000 12:50:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 56535

Trades: sold 500 glia (1/4 of my position) at $22, and sold a third of my AXPH today--that one has really has run fast these past couple days. I'll hold the rest for the mid-teens or higher, these genomics biotechs have absolutely been melting up and I tend to sell too early. Bought some Elan, ELN. Actually, I'm only halfway into my DD, but I needed to diversify some more and I tend not to sit on cash as long as I should. Question for the thread: Can it be difficult to get otc:bb orders filled? I entered an order for 5000 shares of something today and the level II shows lots of 500 share increments available--plus 6500 total under the ask column. My order sat there for a long time, not even partially filled, so, not having ever learned about this level II stuff, I tried upping my order to 6500, still no response. Then I figured maybe I'd try chopping the order into two 3000 share pieces--immediately 500 shares got partially filled on one of the orders. The rest of my orders are still sitting there half an hour later. What is the weak link in the system--my broker? Is the level II all nonsense and there really are no shares to be swept up? Kinda irritating--is it possible that my impatience for getting the order filled mucked things up? This particular stock only trades around a buck and a half, so we are not talking about a lot of money--I cant imagine that anything but machines are doing the actual trading, so doesn't seem like it should take this long. Oh, finally--by cancelling an order and re-jiggering it, did I lose my place in line, maybe that is why I'm not getting any shares?