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

To: TraderRick who wrote (2562)	2/9/1998 9:50:00 PM
From: Leman	Read Replies (1) \| Respond to of 4969

Time to look at LARS again has been gapping and pulling back. also QEPC

To: TraderRick who wrote (2562)	2/10/1998 7:28:00 AM
From: steve goldman	Read Replies (2) \| Respond to of 4969

If it was never at that price, it would probably be a problem for them and if you checked on times/sales/quotes and it was never there, they would probably have an issue....except that I believe someone stated they make markets/act as principal which allows them (anyone who takes that role) to marke up trades by 5% max. (5% rule). I know there has been much said on here about the fact they don't really make markets, except for in a few stocks, and it is just something thats "there" because of the affiliation with ISLD. Could be...who knows...thats the things about making market, acting as principal....as a client, you never know ifyou could have done beter and by how much. Thats why we remained agency-only. Great niche. Few players. Regards, Steve@yamner.com