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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (3691)	4/8/1998 7:04:00 PM
From: Lino	Read Replies (1) \| Respond to of 12617

I have opened an account with Watley and MB. Just recently funded MB instead of Watley. What do you think is hanging Watley up? So much promise then lots of bad press. On another note. Can you short an NYSE stock without the uptick rule. Does the uptick rule only apply to the Nasdaq? Also does Watley and MB as well as others of this caliber treat the NYSE trade as they do Nasdaq trades?

To: TFF who wrote (3691)	4/10/1998 6:51:00 PM
From: Don Green	Read Replies (1) \| Respond to of 12617

Long time no post here... But this is something I posted on my Lessons Learned site (investor/Subject-18707) that some might find interesting... On Thurs I placed a market order to sell 1000 LU at 70, 55 mins before the close. Then just prior to the close I was closely watching the trades and just prior to the close maybe 10-200K worth of stock traded at 70. I looked at my trade status and misread the status. I thought it was sold.. Well today I looked at my account and found I still own Lucent. I called my broker and found out some interesting news. Even though I entered my 70 limit order 55 mins prior to the close when the stock was at around 69.5 I didn't get taken out.??? They told me that what probably happened was the ton of trades I saw at 70 were all market orders, and until they are all finished limit order are not handled. So even though I was maybe early into the trading cue, not enough market orders executed to get to the market order??? This is something I didn't know, but will not forget. Now I need to determine a Monday morning strategy for this stock... Don