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To: JPitcairn who wrote (4902)11/9/2000 4:49:47 PM
From: kumar  Respond to of 10934
 
I'm not a trader, but I believe than an order for < 100 shares does not have to be represented 'market wide' ie. your ECN may well choose to try a trade within the ECN, but is not obligated to present the order to the rest of the market.

I am also pretty sure, that if my comments are inacurate, someone will correct me.

cheers, kumar



To: JPitcairn who wrote (4902)11/9/2000 4:51:27 PM
From: Kayaker  Read Replies (1) | Respond to of 10934
 
I looked through the Time & Sales data and the trades at 90 occurred at 1:49 pm. They appear to be at the bid, i.e., they were sells. The lowest ASK price I saw was 90¼. You didn't miss it by much. Knowing that stocks have a tendency to bounce off whole numbers, I usually put in an order at a price that's a bit off that. For example, if I'm hoping to sell a stock for 120, I might put the order in for 119¾.



To: JPitcairn who wrote (4902)11/12/2000 3:30:16 PM
From: DownSouth  Read Replies (1) | Respond to of 10934
 
Happens all the time. Perhaps there were not enough shares available at $90 to fill all the orders, including yours. Next time use an mixed number, like $90 1/8.