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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Bidder who wrote (37888)	3/19/2000 12:37:00 PM
From: Dave Gore	Respond to of 150070

NEWS ON INTEREST: SEC to probe limit orders REUTERS from another board: WASHINGTON, March 16: The head of the Securities and Exchange Commission said on Thursday his agency will probe the mishandling of certain stock orders by market-makers which could threaten competition. SEC CHAIRMAN Arthur Levitt also called on the exchanges, in a move toward a more centralized market, to ensure investors are seeing a full range of prices by opening their books for limit orders ? which are requests to buy a security at a set price. The agency?s examiners found that one out of six limit orders was not properly displayed at one stock exchange and the problem was not isolated, Levitt said, according to prepared remarks released ahead of his speech Thursday in Chicago at Northwestern University School of Law. Typically when a limit order is placed, a market-maker must either immediately agree to make the trade at the requested price or display it to the market so the trade could possibly be made elsewhere. ?I am deeply troubled by this apparent disregard for customer orders and systemic competition,? Levitt said. He did not reveal which exchange was involved although it was known to be a regional exchange. SEC officials declined to comment. The SEC is launching a 45-day review to determine how widespread the problem is and and will publicly release a report that examines the display of limit orders in the U.S. equity and options markets. ?MORE EFFICIENT PRICES? ?Limit orders increase the information available to the overall market and allow all market participants to better determine prices,? Levitt said. ?They have begun to level the playing field between dealers and the investing public.? Advertisement The self-regulatory organizations of the various markets are supposed to monitor and ensure that brokers are complying with the securities regulations, including the limit order rules. While Levitt?s prepared remarks did not mention the pending timetable for moving price quotes to decimals, he did say in the speech text that decimals will narrow the spread for bid and offers for orders made at the market price since there will be smaller increments for quotes. ?This means better, more efficient prices for investors,? Levitt said. But it could leave some limit orders unexecuted and reduce the number of those price specific orders, which could harm competition. At the same time, the SEC chairman urged the private sector to get involved and provide an avenue for the markets to make their limit order books available to the public. ?Vendors could consolidate this data and package it in a form that is most useful to their customers,? Levitt said. ?The ability of all investors to see the depth of supply and demand in any stock would be a giant step toward a National Market System.? The top securities regulator said the SEC will hold a round-table discussion on the issue with representatives of the markets, dealers, market data vendors and other interested parties and hoped the industry would hold talks on the subject as well. Levitt has been beating the drum for several months seeking to prevent fragmentation in the U.S. markets as the advent of new marketplaces and alternative trading systems have created a slew of new places to process stock orders. He said the SEC has not determined what, if any, regulatory action should be taken to address the fragmentation of the U.S. market place at this time. Last month some of Wall Street?s top executives said it is time to link the U.S. stock markets electronically so investors get the best prices, although they were divided on how to accomplish that goal. ?The linkages that the Commission has insisted upon have been basic connections that protect customers from pricing disparities,? Levitt said. Earlier on Thursday, the SEC approved a proposal by the National Association of Securities Dealers Inc., the parent of the Nasdaq market, to link electronic communications networks, or ECNs, through the Intermarket Trading System, the electronic linkage through which the nation?s stock exchanges communicate. ?Investors will be the winners as fuller, more robust competition between ECNs and our equity exchanges unfolds,? Levitt said. ¸ 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters.

To: Bidder who wrote (37888)	3/19/2000 12:47:00 PM
From: Tim Davies	Respond to of 150070

way to go guy.. and your sure right about the lists, and the people who do so much work to bring them to us.. personaly my schedual doesnt permit me to follow the day to day momos . but the longer term leads of the list have proven to amke investment life a very simple thing for me... i know jim posts his rules for investment.. but i like to follow folks who have proven to be trustable.. and the founders of this thread have done that.. with the lists.. and a bit of scousers t/a and an odd look in at clearstaion to see whos going green.. i think we will all continue to make money, and have fun doing it.. tim

To: Bidder who wrote (37888)	3/19/2000 12:48:00 PM
From: eatcaviar	Respond to of 150070

Congrats on your impressive success!!!!...and I thought I was doing well ( up "only" 550% since january 1) Like yours, my success is totally from following this thread and the astute posts from everyone here. AND I TOO SAY A BIG THANK YOU....to everyone on this thread and hope to someday be able to make some tangible contributions to the knowledge here .. My windfall from MOAT on Friday was just a stroke of luck - usually have no GTC orders in unless I am traveling out of town/working. Between Etrade and my erratic ISP, trying to place a sell during the short minutes of the runup would never have worked.... Still long here on MOAT, and AREE, and a holding a bunch of others...My TSER (BOAT -lol) has been slowly sinking in the moat, but think it too is due for a pop soon.....

To: Bidder who wrote (37888)	3/19/2000 12:57:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

Bidder, that is awesome!! Your success leaves many of us pleased that your efforts went well rewarded, you have come a long way and what you know will allow your success to only continue from now on! To continued future returns! SSP

To: Bidder who wrote (37888)	3/19/2000 4:35:00 PM
From: Dwight Schwarz	Read Replies (2) \| Respond to of 150070

Congratulations Bidder. This thread has had more than its share of 10 baggers. I have been a member of SI since 1996 jumped on many a hot tip followed many an individual without much consistent success. I happened to help out a poster on Raging Bull that wanted a news release posted here back on November 16th, 1999. Since that fateful day by portfolio is up from under $5000 to over $100,000 a nice 20 bagger. Not sure how long it will last but I never dreamed I would find a collection of individuals committed to helping individuals more than their own agenda. All regular posters on this thread are to be commended for their contributions to all, for our success. Can't wait to get to "work" again tomorrow. Weekends are necessary but about 24 hours to long. :)

To: Bidder who wrote (37888)	3/19/2000 6:28:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

Bidder, and here I've been worrying about you. By my calculations you are up almost exactly 1000% since Dec 10. Percentage wise you are doing better than me. But I'm now buying more, holding longer, and being more patient, and hope to be following in your footsteps with the 1000+% gains real soon. Congratulations. And man, with your skill, and luck...I'm sure glad I have NIFI...not quite as many as you but, enough. Best and kindest regards, Jim ps: after a certain point, it's like a snowball rolling downhill, going faster and faster, and growing larger and larger, all the time. :-))