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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (4772)	3/2/2000 8:27:00 PM
From: xcr600	Read Replies (1) \| Respond to of 4969

Thanks Dan. That's what I was afraid of. Order was placed through a "thrift" brokerage so it gets sent to a central trading desk and they route it to whatever MM. Not real thrilled with that type of order handling. Additionally they don't have premarket trading so I couldnt hit the ISLD ECN. My only reason for sticking with them is they are local to me so contacting a person when need be is much easier than getting through to someone at Datek, Etrade, etc. I thought there was a way to short regardless of the tick if the order is lower than the best bid. Wishful thinking I guess. x

To: Dan Duchardt who wrote (4772)	3/4/2000 1:11:00 PM
From: steve goldman	Respond to of 4969

Ding! Ding! give that man a prize! answerwas just about perfect. you could have given a limit 10 points and even if it fell only 2 points and stopped dead cold with an upbid, and even if it was your offer 1/16 higher, you being on the offer, and didnt budge all day, printed a zillion shares on the bid and even on the offer, though taking out OTHER peoples offer, you still mightnot get something done. i've had people try to short illiquid stocks stock is 10 x 10 1/16 (their offer, downbid at 10) and it doesnt move all day. 10000 shares trade. NOTHING DONE. client cantbelieve it. believe it. its the nasd upbid rule. -steve