SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?


To: Len who wrote (9260)7/23/1998 9:08:00 PM
From: gbh  Read Replies (1) | Respond to of 16892
 
Len, actually, my T&S do not show bid and ask. They are from NAQ RTT, which is kind of a bare bones T&S, I guess.

When I said "indicating that this was the bid", this was the first of many trades that went off at the mentioned price, with other interspersed trades a tick or two higher. To me this "indicates" a drop in bid. If there were not many other trades that followed at the same or lower price, then yes, it could be a number of other things. But, in this case it "appears" the bid has dropped. Also, a peek at the chart, showed the stock basically in free fall. Its pretty apparent that Bill, although maybe not realizing it, was trying to sell above the bid, on a free falling stock. With the 90 second market maker rule, he would have had to get lucky to just sell at the bid, it seems.

I don't mind the "butt in". Please feel free any time.

BTW, off topic, NAQ is very cool. Far superior to the bullsession.com service I was previously using. But, they typically take 15-30 minutes to get caught up to real time in the morning. Is this typical? Disregard this question if you don't use RTT, but I seem to recall you are also a RTT user. Thanks.

Gary