Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: steve goldman who wrote (3626)	9/19/1998 11:37:00 PM
From: Leo Francis	Respond to of 4969

Lowrance Retains Chase Securities to Explore Strategic Alternatives TULSA, Okla.--(BUSINESS WIRE)--Sept. 14, 1998--Lowrance Electronics Inc. (Nasdaq:LEIX - news) Monday announced that it has retained Chase Securities Inc., a subsidiary of Chase Manhattan Corp., to assist the company in evaluating and exploring strategic alternatives to maximize shareholder value. Darrell Lowrance, chairman and chief executive officer, stated, ''The company has significant opportunities to expand its leadership position in the recreational sonar market and to enhance its market share in the rapidly growing global positioning system (GPS) navigational segment. The board has elected to look carefully at a variety of alternatives that will best enable the company to capitalize upon these opportunities.'' Lowrance Electronics designs and manufactures sonar products and orbital satellite receivers, plotters and mapping systems using the global positioning system (GPS) under the brand names ''Lowrance,'' ''Eagle'' and ''Sea'' Electronics. These products are used primarily for sport fishing, hunting, recreational boating and other outdoor applications as well as in general aviation. This news release contains ''forward looking statements'' as allowed in the Securities Litigation Reform Act of 1995. The company believes that these statements are based on reasonable assumptions, however, no assurances can be given that the projected results will be achieved. Unforeseen factors which are discussed in the company's Securities and Exchange Commission filings could have a material adverse effect on the company's performance.

To: steve goldman who wrote (3626)	9/21/1998 2:00:00 PM
From: GT	Read Replies (3) \| Respond to of 4969

Steve - I visited Cornerstone Securities (on of many direct order entry firms out there) and was suprised to find that these traders had a hard time getting in and out of stocks. Their sales line is "we have the fastest executions anywhere" with island/soes/selectnet/instanet etc available to choose from. It seems these ecn's give you the ability to put your order up on the screen fast - but not necessarily get filled at all. Am I correct in assuming that the mandatory fills a discount broker gets from mm's is not available to daytraders using these ecn's ? Also - you cannot cross the market using island - and if soes is bogged down how do you sell fast at the bid ? Do these ecn's really give daytraders an advantage or are they not all they are cracked up to be ? When a trade is placed with lets say waterhouse where do those trades go and how are they able to give price improvement ? I get price improvement often with waterhouse - but cannot daytrade with them due to their very slow confirmations (can't sell it if you don't know if you own it yet ). Thanks for clearing up this issue of lack of real liquidity at these ecn access daytrade firms. Gorcon