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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Tmoore who wrote (18556)	3/4/2000 7:18:00 PM
From: John Curtis	Read Replies (2) \| Respond to of 27311

That's a VERY interesting article...hmmm...and Knight happens to be located in Jersey City?? I'll bet right in the Exchange Place area. Hmmmmmm indeed. Thanks for the information! Regards! John!

To: Tmoore who wrote (18556)	3/4/2000 11:40:00 PM
From: mooter775	Read Replies (1) \| Respond to of 27311

For the life of me, I still cannot understand why so many people trade online through people like Knight. Gees, the article practically called the guy crooked when he trades with additional knowledge of what the 'book' looks like. Only with limit orders, and good luck in getting execution in a volatile market! Penny wise and pound foolish.

To: Tmoore who wrote (18556)	3/6/2000 2:33:00 AM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

very timely article on NITE. I experienced "fast market" s*** just last week. ABMD completed a 2ndary offering and traded huge volume of 1.5M shares (average has been < 100k shares/day). Actually the fast action had totally stopped by the time i put in an order on Etrade for 1000 shares at the ASK. Fidelity was showing ask size of 20. My order sat for about 4 minutes, no trades, Fid kept showing 20 ask at my limit price. the trade never happened and neither the bid nor the ask price changed - no trades reported at all during this time nor for 5 minutes later. The order was placed on E-trade. I could not believe i did not get any execution, thought maybe just slow to report. so i canceled and the cancellation went thru. Fidelity was still reporting ask size of 20 at my limit price. I did not bother to disconnect & call Etrade especially as i have only 1 phone line and i knew they would give me a lame excuse. I was still able to get the shares i wanted later at the same price, but this s*** really pisses me off. Judging from the NITE article, I would guess that they had had such big volume that they went into "hand execution mode" and then even 20 minutes after the volume had completely died down, were still not back to automatic posting/matching orders. E*trade would have told me "we sent your order to the MM, nothing we can do".