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To: gbh who wrote (9259)	7/23/1998 8:43:00 PM
From: Len	Read Replies (1) \| Respond to of 16892

Gary, when you say "indicating that this was the bid," are you saying that you are inferring that from the trade? Or do you have a time and sales that also indicate the b/a and changes to same? If the latter, ok. If not, then it isn't correct to infer this, since the t/s prints are a reflection of a number of things. They could be trades that went off at the inside quote, but they can also be late prints from some other time period, trades that were negotiated over the phone outside the inside quote, etc. I think you know this, so I'm presuming your t/s shows the b/a, etc. Many of them do, but some do not. If so, excuse the butt in. If not, , maybe you forgot.<g> Len

To: gbh who wrote (9259)	7/23/1998 8:52:00 PM
From: Bill Rood	Read Replies (1) \| Respond to of 16892

Thanks GBH. You very may well may be right. PC quote a little shaky last few days. Using your data my first order had over a minute to fill to no avail. Thanks for the heads up, Although I dont understand how this explains my lack of fill. With your data they had 1min to fill my order in a stock trading 19 mil. 11 sec @ 19 3/4 50 sec @ 19 5/8. Once the bid dropped to 19 1/2 it took an additional 30 sec to show as open. I cancelled once it shows as open and the price has passed me by. Other people boast about there 1 sec at the market open fills and 3 sec fills all day. My orders dont show on my daily activity for 5 min during the first 20 min of the trading day. Its very possible that this just my experience. GBH I enjoy reading your posts very informative and rational but I don't understand your comments this could explain your lack of fill. Your own t/s shows the bid was above or at my limit order for 1min 1 sec . Are you saying this is insufficient amount of time to expect to be filled? Thanks for your reponse and your time Bill