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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Cosmo Daisey who wrote (2857)	9/17/1998 10:00:00 PM
From: Shelia Jones	Read Replies (1) \| Respond to of 4634

Cosmo, Jumping right in here...I'm confused. Please explain: Exmple: TRBD is posted 5.25 bid and 5.50 ask and the tic is down, place your limit order at 5.375 and you will see the bid updated to 5.375, your bid. The market cannot move forward until your bid which is now the best bid is satisfied Why not just short at the ask? Heck, how about ask+10 points? What are the limitations? TIA, Shelia

To: Cosmo Daisey who wrote (2857)	9/17/1998 10:02:00 PM
From: BDR	Respond to of 4634

Ken, Peter, Cosmo- thanks for the pointers. I'll try again tomorrow and see what happens. Datek is perhaps feeling some pressure to mend their ways? Shorting used to be so easy with them.