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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (1203)	11/27/1997 10:23:00 PM
From: belker	Read Replies (1) \| Respond to of 12617

irby, Question regarding PCQuote. I had an order in with my broker for a short sale, with the bid sitting on a downtick for a while. I got notice of a fill 1/16 above the bid, without the bid moving off the downtick. A couple seconds later the bid moved up to match my fill price. Now it takes a little time for my broker to notify me of a fill plus there was that couple second delay, after that, till the bid changed, according to PCQuote. Could PCQ have been that far behind in their quotes or is it possible that my broker got an uptick in some other trading arena that is not monitored by PCQ? The stock was GTW, which is on the NYSE. Is this because the action passes through a specialist and then goes to a computer? I'm just guessing here. What's your take, or anyone else's, on this. Perhaps I should go back to the NYSE web site and read their stuff again. Bob

To: TFF who wrote (1203)	11/28/1997 1:14:00 AM
From: Harry Ehrlich	Read Replies (1) \| Respond to of 12617

Hi irby; thanks for the response. I had already upped the daily shares traded from 25,000 to 100,000. This narrowed the list from 480 to about 320. That is already more manageable. Regarding Jeff Coopers book, that is a favorite of mine. I reread it often. But the more you learn, you realize how much less you know. I am inclined to agree with you about trading the more liquid stocks. But Cooper specifically makes the point that while he trades the so-called momentum stocks, he likes to trade illiquid stocks; "I have found better moves occur in the less liquid stocks (average volume under 200,000 shares per day)." So, this leaves me with two lists, each large. But my software is capable of doing the screens that Cooper recommends, so I realize it will be easy to set up the weekend hit list. My final question: How does one add to and delete from the master list to keep it updated. Any tips here would be greatly appreciated. Thanks. Harry