Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Henry Niman who wrote (10419)	10/30/1997 12:01:00 PM
From: tdinovo	Read Replies (1) \| Respond to of 32384

Henry, There's a facinating article in todays's WSJ. I assume it's in the Interactive addition but I did not look. "How Computers Calmly Handled Stock Frenzy". It blithly explains how it only took 22 seconds to execute an order on the NYSE. Apparently, that assumes you could reach your broker or service, which, according to other articles, was not a "gimme". Anyways, the interesting part is it follows a purported trade of 200 shareas of IBM onto the floor and then talks about a trader walking around the trading floor, looking to buy 100,000 shares of GE? And you wondered how order go screwed up. I don't know if we're supposed to assume the guy decided to buy GE instead of IBM or that GE was buying IBM. Really quite a piece of journalism, IMO. The general tone does suggest, however, a key difference between NASDQQ and the NYSE. Ted T