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Technology Stocks : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?

To: Raju K who wrote (1666)	3/16/1998 4:44:00 PM
From: Liatris Spicata	Read Replies (1) \| Respond to of 3291

Rajan- It's frustrating when it happens, but it does happen regularly. The trade could have been a private transaction (ie. outside the computerized trading system of the NASDAQ). Larry P.S. I sold another quarter of my XLNX today at 46 1/4.

To: Raju K who wrote (1666)	3/16/1998 6:36:00 PM
From: Stu	Read Replies (1) \| Respond to of 3291

Although it probably doesn't affect you, I believe that it also has to do with the size of the bid, not just the price. They have to match up the buy orders to the sell orders in price and size, and your's didn't match up in time. That's why odd-lots used to cost more. Also, if you had an all-or-none order, the size of the buyer's order might not have been big enough to cover it. Since your broker couldn't sell all of your shares, she sold none of them. There are probably a hundred other reasons. Like Larry said, it sucks, but it happens all the time.

To: Raju K who wrote (1666)	3/16/1998 8:24:00 PM
From: privatesmith	Read Replies (1) \| Respond to of 3291

A couple of questions about the limit order to sell at 47 1/8 you placed last Friday...what was the Bid at the time the market reached an Ask of 47 3/16? and, how large was the order to sell? Rhetorical questions as it is not necessary for anyone but you to know! If the Bid never reached your Ask, 47 1/8, the market makers are not required to take your shares no matter what! Under SOES, the Short Order Execution System, orders for a thousand or fewer shares are put in queue ahead of orders greater than a thousand shares at the same limit...but, if orders are greater than a thousand shares and, or with limits, they may languish until someone big enough comes along to scoops them up...also, if one places special conditions such as "all or none", he may find orders with less restriction are filled ahead of him...the market makers may pull those with restrictive conditions, limits to the side until the market pulls them away, which might not happen. One of you real experts may have to correct me in the notions set forth herein...but, my guess is the market Bid never hit your Ask and therefore there was no requirement to fill your order, to buy your shares at your Ask.