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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (3093)	5/22/1998 10:40:00 AM
From: Craig Richards	Respond to of 4969

FredE, Do you have a link to it? I provided you with a link to it earlier, but you were too busy to follow it. Craig

To: Stoctrash who wrote (3093)	5/22/1998 11:46:00 AM
From: steve goldman	Respond to of 4969

FredE, if you are out there trading on the assumption that you can only selling a limit order when its bid your limit, you should spend some time going through nasdr.com and nasdaqtrader.com and read the rules. The rule, generally, is that a firm has 30 seconds to try making the market before they must display your offer. ie...Craig's firm to which he routed the order gets 30 secs to try to sell at 66 1/4 and then take craigs at 66, the firm making a 1/4 but if they cant, they have to display his 66 offer...since the offer moved higher AND it printed at prices higher than 66 for a few minutes, he should have been complete. -Steve