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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (2151)	11/22/1998 1:40:00 PM
From: Rick Faurot	Read Replies (1) \| Respond to of 7382

Colin, I got on a kick trying to preference MMs via Selectnet a couple of months ago. It does work at times, but more times I find the MMs would back away from my preference and drop off the ask without responding. Before everybody jumps on me, I KNOW this is illegal. But it happened beaucoup times. And, when it does happen your order is dead as dust because it is only displayed to one MM and no one else can see it. If I see a big MM like NITE on the ask with 10 showing where I want to buy, I will often SOES them. This is pretty effective because big dealers almost always have more shares than they display, especially NITE. SOES hits cannot be deflected. Rick Ps. An option is just to use SNET without preference. This is a good route if there are adequate shares showing.

To: Colin Cody who wrote (2151)	11/22/1998 1:43:00 PM
From: Len	Respond to of 7382

Colin, you can preference anyone you like, though I doubt you would want to preference someone further down the list, unless you just HAVE to close the position. Also, you aren't necessarily guaranteed a fill when you preference, since someone may just beat you to it, or the MM is in the process of backing away, etc, etc. Len

To: Colin Cody who wrote (2151)	11/22/1998 1:58:00 PM
From: Shoot1st	Respond to of 7382

This is the way I to do each trade now..by preference. Shoot

To: Colin Cody who wrote (2151)	11/22/1998 9:52:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 7382

MARGIN Tutorial query. - I went through the MBT Margin tutorial and my head is spinning (g) What I did get out of it was these's no such thing as "restricted for 90 days", rather it's "your're outta here!" So maybe someone can answer two quick fail-safe questions: I start the day with zero cash, zero margin and $100,000 worth of fully-paid-for DELL in my account. I sell the DELL when the market opens for $100,000. HOW MUCH $$$ CAN I INVEST INTO MSFT (using margin to the fullest extent allowed) FOR AN OVER NIGHT HOLD? HOW MUCH $$$ FOR A SAME DAY FLIP? Same as above except at the start of the day I have: Zero cash, $50,000 margin in use and $100,000 worth of DELL. Colin