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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Mark who wrote (1486)	3/30/1998 6:29:00 PM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 5944

Thinking about this stock to add to my position. Help me with the ATM not taking off comment. What does ATM have to do with ADPT? Are you talking ATM like ASND GX550? Dennis

To: Mark who wrote (1486)	3/30/1998 7:00:00 PM
From: RagTimeBand	Respond to of 5944

>>p.s. What is SOES trading ?<< You might want to check out: Subject 5250 Also there's a semi-related article on page 114 of the April 6 '98 issue of Forbes. Regards - Emory

To: Mark who wrote (1486)	3/30/1998 8:07:00 PM
From: slob	Read Replies (2) \| Respond to of 5944

Mark, I agree, job listings can be interpreted in a number of ways. as for SOES it means Small Order Execution System. SOES trading tend to turn up when there is an imbalance in the trading. In effect SOES "bandits" trade on the volatility of a stock that results from a mismatch between large order buyers/sellers and small order buyers/sellers. If some fund dumps 100K shares at market than the market makers will drop the price by a certain preprogrammed amount (i.e. 1/4 or 1/2). If you have level II you can see this sell order come through and sell or short-sell ahead of this order, once the order is serviced, 1 to 2 min. later, you cover. You pick up a 1/4 or so per trade. At least that's the theory. I don't want to turn this into a SOES lecture, so if your interested look at a SOES trading site for more information. P.s I didn't know that anyone actual paid any attention to what I wrote. Usually I just get accused of hyping or trashing a stock. It's nice to think that my opinion has value. Slob