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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Baker Street who wrote (18020)	11/28/1998 2:39:00 PM
From: JEB	Read Replies (1) \| Respond to of 119973

Baker, I trade through DOT-REDI (Symbol:REDI) and Instinet (Symbol:INCA). I do not have those restrictions. I can trade as many shares as I want but I can get to a point where I lose a lot of money if I trade huge volumes and get little or no return on the trade. Large volume trades for me are on "All indicators point to it going up or it's based and won't go any lower" trades. It helps keep me focused on the worth of the trade. What I can expect to get out of the trade. That's a good thing to always keep in mind. One other thing, with this equipment I can show up late to the party and still make money. I can F9 (Overide) the "greater than current market" safety and put in a buy for a 1/4 point higher than the current ask and I'm filled and riding the rally. Good trading, JEB

To: Baker Street who wrote (18020)	11/28/1998 3:45:00 PM
From: JEB	Respond to of 119973

BTW - You are right SOES is not the way to go these days.

To: Baker Street who wrote (18020)	11/28/1998 3:52:00 PM
From: Char	Read Replies (1) \| Respond to of 119973

Baker Street <With Generic and other similar brokers (like AB Watley's Ultimate Trader or MB Trading), aren't you limited to 1000 shares every five minutes? For trading through the SOES system> Yes, if you place an order on SOES you are limited to 1000 every 5 minutes. This is a SOES requirement and applies to anyone who uses SOES. Actually it may not even be 1000 shares, some stocks trade in tier sizes of 200 or 500 shares so that would be all you could Buy/Sell in 5 minutes. With MB Trading you have a choice of placing your trade with SOES, ISLD, Selectnet or ARCA. ARCA IS MB Trading's own system and broadcasts to all ECN's (including ISLD)and Market Makers. For NASDAQ stocks you can trade up to 10,000 shares for a single ticket price. Listed securities are limited to 2000 shares per ticket. That doesn't mean you can't buy more, you just have to pay more commission. Char