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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: getgo234 who wrote (33737)	2/6/1998 4:32:00 PM
From: IncredibleHult	Respond to of 61433

getty, I had something similar happen a few weeks back. I put an order in the "middle" and even though I saw a half-dozen trades take place there I didn't get done. The whole time I was thinking "My order is not getting done right now because some ahole MM wants an extra sixteenth so he can get a seven dollar cigar after work." Go figure.

To: getgo234 who wrote (33737)	2/6/1998 5:24:00 PM
From: robert freda	Respond to of 61433

<<I had a buy order in today to buy 1000 shares at 32 5/8 (no restrictions). I did not get any shares even though I saw a fair number of trades at 32 5/8. These "commission free" transactions with Olde seem to be getting more expensive now that I am doing some day trading.>> I used to use OLDE and the old adage 'you don't get something for nothing' applies here. The execution of their commission free transactions stinks.

To: getgo234 who wrote (33737)	2/6/1998 6:49:00 PM
From: Glenn D. Rudolph	Respond to of 61433

These "commission free" transactions with Olde seem to be getting more expensive now that I am doing some day trading. I know little about Olde. However, the only way the firm can make money is to get something out of a trade. Possible 1/16 or 1/8 clip. DLJ Direct and other online houses that make a market in the stock, would exercise at the 32 5/8 when the ask is 32 5/8 or lower. The low for ASND today was 32 5/8 but that was the bid so the ask was never there. I doubt you would have been executed with any firm on a buy. Glenn