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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Nazbuster who wrote (4725)	12/21/1998 8:43:00 PM
From: Dave Shares	Read Replies (1) \| Respond to of 43080

Watch the bid, not the print. ONSL printed in the 50 1/2-52 range while it was bidding several points higher. The prints can be out of sequence, the bid is real. But don't take my word for it, David

To: Nazbuster who wrote (4725)	12/21/1998 10:15:00 PM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

Daniel= I'll second what Dave had to say. POS, in my opinion, is worthless when a stock is flying. I stick a slow stock in my POS window, just to conserve bandwidth. Often, my LII window will show the MM's and ENCs at different prices than the bid/ask. If I see the bid/ask pause and reverse in a stock that I'm holding at the open, I'll put in an ISLD sell anywhere from a quarter to a half below the bid...it's going to fill against the highest ISLD price availible, and I don't run the risk of the bid being taken out while the order is posting or even that my bid/ask quotes are a second or two behind. All this may not be true with a cable modem, by the way.