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.

Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: AS Hibbs who wrote (10085)	11/3/1998 2:11:00 PM
From: Michael Elizabeth Chastain	Read Replies (1) \| Respond to of 16892

"I don't know how Datek or anyone else could gain from taking these ghosts." If the stock moves favorably, the other guy can keep the position. If it moves unfavorably, the other guy can hit your order as long as you haven't cancelled it and get out even.

To: AS Hibbs who wrote (10085)	11/3/1998 9:56:00 PM
From: Fred Puppet	Read Replies (1) \| Respond to of 16892

I don't believe in ghosts. If XYZ on NASDAQ is 10 x 11, and you bid 1000 at 10 1/8, you should see your order represented. A customer at another brokerage might see the bid of 10 1/8 and place an order to sell 1000 at 10 1/8. That order goes to the broker's favorite market maker, who might currently be bidding 10. The MM can either buy the shares at 10 1/8 or pass the order to ISLD and you get a fill. They will probably buy the shares. It's the MM's choice.