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Non-Tech : Brown & Company New "5 and 10 Store"? -- Ignore unavailable to you. Want to Upgrade?

To: Esteban who wrote (148)	10/4/1998 8:56:00 PM
From: Spaw	Read Replies (2) \| Respond to of 1865

Dude, NITE and MASH are the MMs that Brown uses. If you've got Level II data, it is helpful to see yourself in the stack. If I place a market order, yes: I will pay the ask. But, if I go limit... I can trade at the bid if I beat the best bid with size (i.e. I go 1100 vs. their 1000), or price ( I beat their bid by a teenie). NITE and MASH work the order for you at the price specified. If you need to adjust, you can cancel and change the order. It's easier and faster with a live broker, but also possible on-line. Brown is the first broker I've used that tells me the MM working the order. Very cool. Unfortunately now, I've been so brutalized by poorly timed long trades with mental stops missed, and heavy call positions on tanked stocks... that I am left to make small option trades and wait until my stocks with haircuts grow out. I got down too fast to go short, missed those puts... WAHHHHHHHHHH. Still in, but beaten to a pulp. And I was making SO much money. My $.02, --spaw--