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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: LzzrdKing who wrote (6624)	5/6/1998 1:41:00 AM
From: John R. Sashko	Read Replies (1) \| Respond to of 7396

Glad to see you Bot ARTS. Do you have an opinion on GMGC. CEO Markman is on Market Watch in the morning. Expect a volatile day but will close up.

To: LzzrdKing who wrote (6624)	5/6/1998 2:36:00 AM
From: shasta23	Read Replies (2) \| Respond to of 7396

HI LIZ! It's late and i had some wine but i'm not totally clear on this... "The key here is to place limit orders, not all or none. market makers have to reflect your bid/offer." So to buy at or close to a bid price of e.g.20 you enter a buy limit for 20 1/16 which might be filled for 20 1/16 or better =20. Same thing for sell with a ask of 20 5/8: you enter a sell order of 20 9/16 which will sell at 20 9/16 or 20 5/8. Is that the way you play these spreads? Sorry for such a basic question...i hope you don't mind! stefan