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

To: steve goldman who wrote (3519)	8/28/1998 9:56:00 AM
From: Leland Charon	Read Replies (1) \| Respond to of 4969

Steve, I reread a message that you posted on your thread a while back regarding the trading of NYSE issues as opposed to Nasdaq issues. I found the article very informative and have been concentrating on more quality NYSE stocks. Do you have any particular issues that you follow everyday? Also, do you trade any of the high volume nasdaq stocks such as MSFT, INTC? As a daytrader I find these stocks do trend nicely (on occasion) but not always. I think I would much rather ride mother GE for 2 points. Just rambling, Leland

To: steve goldman who wrote (3519)	8/28/1998 1:19:00 PM
From: Brendan W	Read Replies (4) \| Respond to of 4969

Steve, today I had a 100 share limit buy order on PSTFY at 10 1/16. It improved the inside bid and was reflected at 12:18 eastern. Seven minutes later at 12:25 a 25,000 share trade occurred at $10. I was not filled and was given the rationale that this is not an auction market and negotiated trades can occur at prices worse than mine without me being due a fill. I ended up getting filled anyway but is my broker's reasoning right? I didn't see any conditions on the 25000 trade on time and sales.