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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (7581)	4/16/2001 3:53:16 PM
From: J.T.	Respond to of 19219

ike, I will respond to your q late tonight. I am short on time. Best Regards, J.T.

To: re3 who wrote (7581)	4/17/2001 1:24:15 AM
From: J.T.	Respond to of 19219

Agency In context of general equities, buying or selling for the account and risk of a customer. Generally, an agent, or broker, acts as intermediary between buyer and seller, taking no financial risk personally or as a firm, and charging a commission for the service. The broker represents a customer buyer/seller to a customer seller/buyer and does not act as principal for the firm's own trading account. Antithesis of principal. See: Dealer. Cross Securities transaction in which the same broker acts as agent for both sides of the trade; a legal practice only if the broker first offers the securities publicly at a price higher than the bid. **************************************** Since this happened at the end of the day, literally within the last 10 minutes of trading, and specifically right at the bell, no individual could have taken advantage of this inflate a stock snafu unless one had open gtc orders to sell CDE at a much higher price. And since the "books" were clean the agents were able to intiate the action relatively unscathed Notice the first trade on CDE was down 30 cents from friday close at 1.50 - so you couldn't take advantage of the spike selling at a decent profit. The agency cross was reported on time and sales. Best Regards, J.T.