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To: SJS who wrote (2876)9/11/1998 3:46:00 PM
From: Melissa McAuliffe  Read Replies (2) | Respond to of 14427
 
Thank you. It helped a lot.

From reading what you wrote I've concluded that this might work best in thinly traded options....or stocks which are not moving and where the options volume is very light or nonexistent at that point.

>> If you place a bid or offer in the middle and there is no taker, the public bid/offer must change.

You're saying it absolutely must change, correct? If so, that one statement alone was worth the price of my SI membership.:)

Thanks again.




To: SJS who wrote (2876)9/11/1998 4:09:00 PM
From: Peter V  Read Replies (2) | Respond to of 14427
 
Interesting, it happened to me again on a stock trade today. I sold short and split the bid and ask, with a round lot of 100 shares, and the Datek web quotes server ask never changed, even though the order showed up on the ISLD ticker (I have a GRITCH viewer). It filled when I called the broker after about 20 minutes. Coincidence? This doesn't usually happen to me, today must be heavy volume or something. btw, the option order I saw go through earlier was indeed mine, no volume change since then.