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To: Michael Turner who wrote (9130)	7/17/1998 12:27:00 AM
From: Morpher	Read Replies (1) \| Respond to of 16892

I was actually there, and spoke with Josh Levine and Will Sterling. When I arrived at around 11:00am, they had already executed nearly 200,000 transactions! First, number of executions isn't the same as the number of orders entered. Second, if you look at josh.com and double the numbers to account for ISLD's growth, you get 85,000 executions per day. Third, 500,000 times an average of 615 shares per order would give ISLD over 300 million shares per day, or about 40% of Nasdaq volume, which is ridiculous.