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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (2337)	1/19/1998 4:52:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 4969

Dominick... Without hesitating, I would never even consider TRADING, intra-day, OTC stocks without Level2 access. Level two shows you the number of market makers and their quotes and can be used to allow you to pickoff the last few bidders or offers. The difference in not having it might only be an 1/8 or 1/4 worse in terms of execution, but for intra-day traders, this 1/8 or 1/4 might be their entire profit. As well, since just about everyone else out there uses it and relies upon it to make split second investment decisions, you would be behind the 8ball. Forget the prints, those can be jimmied. If GSCo is bidding, they want stock. If I call them, except ofr their backing away, they will take stock. L2 is very, very important. I am sure many might disagree but if you save 1/8, 1 time per month, it pays for itself. Note that this does not apply to listed stocks. Also, on a side note, I know that on occassion people feel that the thread gets boring and perhaps loses it value. Of course it does. You can't keep a thread like this running 100% week after week. The contributors, everyone, myself, get a little burnt out from time to time. Personally, there are some weeks that I look foward to contributing and on other occassions I am more happy just reading the dialogue between everyone else. Nonetheless, I must say again, that I take great pride in the fact that we once again have a thread which is rated in the top 10 hot subjects on Silicon Investor, once of the most populated message boards on the internet. Its interesting that on weeks were this thread is not on the hot subject lists, the Frontier thread is on the list. For anyone who hasn't checked out that thread, please do....https://www.siliconinvestor.com/subject.aspx?subjectid=16961 And we have done so maintaining a high level of discussion, useful for all investors. Way to go! regards, steve@yamner.com