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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?

To: Matt Brown who wrote (4949)	3/15/2000 5:30:00 PM
From: Return to Sender	Read Replies (1) \| Respond to of 5041

The stock has come a long way since the IATR days. The market for tech stocks is anything but good so far this week. New investors, or those inclined to add to their positions, might get another chance to enter NTCS just above 7. Just my opinion but it is based on sound technical analysis: biz.yahoo.com RTS

To: Matt Brown who wrote (4949)	3/15/2000 11:05:00 PM
From: CIMA	Respond to of 5041

Interesting stock pick contest with pretty good prizes: na-investor.com

To: Matt Brown who wrote (4949)	3/18/2000 8:32:00 AM
From: Sprintcar	Read Replies (1) \| Respond to of 5041

SEC CHIEF WARNS OF PRICE PROBLEMS 1 EXCHANGE FAILED TO PROPERLY SHOW SOME LIMIT ORDERS By Bill Barnhart Tribune Markets Columnist March 17, 2000 On the heaviest day ever in New York Stock Exchange trading, the head of the Securities and Exchange Commission warned Thursday that investors are not always being shown the best prices when they buy and sell. Arthur Levitt said that one stock exchange, which he declined to name, had failed to properly display one in six of the so-called limit orders coming to the exchange from investors. He said the practice is under investigation. Limit orders, which have become increasingly popular among individual investors, are orders to buy or sell securities at a specific price, as opposed to an order to buy or sell at the prevailing market price. "In far too many cases, limit orders are being mishandled by market intermediaries," Levitt said. "I am deeply troubled by this apparent disregard for customer orders and systematic competition." SEC sources indicated that the stock exchange with lax enforcement of limit order display rules was one of the four regional exchanges. Paul O'Kelly, executive vice president at the Chicago Stock Exchange, said his exchange was not the target of the SEC probe. "I can tell you with certainty it isn't us," he said. The other regional exchanges are in Boston, Philadelphia and San Francisco. Levitt said the SEC would issue a report in the next 45 days probing market compliance with limit order display rules in equity and options markets. In a speech at the Northwestern University School of Law in Chicago, Levitt called on the nation's stock exchanges, securities dealers and electronic communication networks to open their books of limit orders fully to the public. All orders to buy and sell, not just orders at the prevailing best price, should be revealed, he said. Levitt urged all dealers and exchanges receiving limit orders to fashion a system in which orders would be quickly displayed publicly. In the worst case, a dealer or exchange specialist hides a limit order that improves on the prevailing price in an attempt to trade ahead of the order. Such practices were the subject of sweeping SEC regulatory action in 1997. "Given the plain importance of limit orders to investor confidence and market efficiency, you would expect that ensuring their visibility would be an unyielding imperative of our marketplace," Levitt said. "But information gathered this past year by SEC examiners indicates just the opposite." Levitt said the SEC's pending requirement that stock exchange quote prices in decimals rather than fractions based on one-eighth of a dollar magnify the need for fully open limit order books. The change in price quotations is scheduled to begin July 3. On a related theme, Levitt called on the securities industry to create better links across proliferating stock exchanges, dealer networks and electronic communication networks. He said the current system linking markets in exchange-listed stocks and the SelectNet network of Nasdaq stocks were not performing adequately. "With today's unprecedented volumes and new demands, it's the obligation of every market institution to commit their resources first to technology--before marketing campaigns or dealer benefits," he said. sprintcar