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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Joe W. who wrote (1127)	6/22/1998 2:29:00 AM
From: David E. Henry	Read Replies (1) \| Respond to of 2120

Whats the speed of your ISP? Using a 56K ISP I get confirmations on NYSE socks almost as fast as Nasdaq stocks. I am using CyberTrader though.

To: Joe W. who wrote (1127)	6/22/1998 7:56:00 PM
From: Cash	Read Replies (1) \| Respond to of 2120

Jow W: What you're experiencing could be the nature of the specialist. I sit AT as Superdot and sometimes have the same problems. Any time a stock is on a tear, it seems like the specialist is very slow in reporting. I don't get a confirm, I can't get a cancel and a couple minutes later I get a TLTC (TooLateTooCancel). This is particularly true with a fast mover like TXN or LU. But, I don't think I've it's ever taken 5 minutes. Generally though, where you can get a confirmation in just 2-5 secs on NASDAQ, it typically takes 15+ secs for the specialist to get back to you.