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

To: steve goldman who wrote (2555)	2/9/1998 6:07:00 PM
From: TraderRick	Read Replies (2) \| Respond to of 4969

Steve I appreciate your response and didn't take it the wrong way, I do have a lot to learn. I read through all the material at your web site and I've started reading this thread from the beginning, got to response 324 about it being illegal to buy below the market and it triggered an immediate question about a specific trade I'm questioning with my soon to be former broker Datek. I put in a market order to sell some stock bought at X 1/16 when the market hit X 5/8 and then started to drop a little. The bid and ask were staying about 1/8 apart and it dropped back to X 3/8 X X 1/2 then started climbing. I didn't get my fill for almost 3 minutes but when I did the bid was X 1/2 by X 5/8 All the prints on time and sales for over a minute before were at least 1/2, with quite a few 9/16 and 5/8 and my order was filled at 29/64, 3/64 under the bid. Is this something that would be "illegal"? Sorry if this was covered but I'm reading as fast as I can and it's going to take me weeks to get caught up on this thread. Thanks TraderRick