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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: Dave Block who wrote (513)	5/8/1998 2:55:00 PM
From: Marlin C. Harmon	Respond to of 3216

Good comment. The key is to "get out while the trade is still moving in the right direction". After visiting briefly with the trading support person (Jo), I am happy to learn that the SMRT key configuration will give the option of using SOES or not. Also, one of the glitches that could not have been know prior to my loss was the action of the SOES tier limit. Apparently the new software that will be emailed to the traders soon (in the next couple of days((maybe tonight))) will be a plug-in feature to the stock box which will alert the trader to the tier limits. This will make the execution problems I experienced avoidable because the trader will not be trading blind.

To: Dave Block who wrote (513)	5/8/1998 3:11:00 PM
From: William W. Dwyer, Jr.	Read Replies (1) \| Respond to of 3216

Of course it's good to get out while the trade is moving. But, sometimes it reverses too quick and you can't really tell and you still need a good, fast, clean and reliable way to get out, even if the stock is now tanking on you, especially then. SelectNet don't work then because no one is buying, your bids aren't very visable to the market, especially when preferencing. If you preference more than one MM you might get killed with multiple fills. You can't offer on ISLD at or below the bid, SOES is crap at that point, etc. Not knowing SOES tier level on your stock, or not fully understanding how the Smart Keys work can be a real problem. If you're stuck with 2,000 shares of something that's now on the way down, you got a real problem. You could easily lose a point trying to exit, and a week's profits in the process. And, if you trade often enough, long enough, this happens to everyone. Not fun! <g>