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To: DR. MEADE who wrote (5475)3/31/1998 12:24:00 PM
From: Ice Cube  Read Replies (1) | Respond to of 10903
 
Fahnstock has been on the ask all day.... They operate differently from these other BB MM's as they are a bigger player. At their firm, the trader can hold a short for almost as long as he/she wishes. In fact, sometimes years. The other firms won't let the traders hold a losing position for very long. Its their internal policy. The point being that I would feel a lot better if FAHN was not on the ask, however, they could just be working a retail order. We'll see...