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To: Stoctrash who wrote (3074)5/21/1998 1:08:00 PM
From: steve goldman  Read Replies (1) | Respond to of 4969
 
Fred...who do YOU do business with? Manning rules require they work applicable stocks, representing your order. They get some time to make the market, the spread, but if they can't they have to represent the offer at 66...the stock should never have moved through his limit unless the firm was 'working' the order not held, as often happens but requires client understanding and approval.

Regards,
Steve@yamner.com



To: Stoctrash who wrote (3074)5/21/1998 11:12:00 PM
From: Craig Richards  Read Replies (1) | Respond to of 4969
 
Just because the ASK hit 66 1/2 don't mean you should have been filled.

Fred,
You sound like my broker <g>

If you really believe what you wrote, you should definitely either read the last 3000 posts on this thread, or, if you're pressed for time, check out nasdaq.com. There's a really good description there of how an order has to be handled by a broker. Click on the right arrow on the bottom of that page, and if you read every page, you'll have a summary of what Steve's been talking about since the beginning of the thread.

Craig