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To: Ron McKinnon who wrote (18148)12/30/1998 9:28:00 PM
From: DanZ  Read Replies (1) | Respond to of 53068
 
ISAC and market makers.

Ron,

To add to your comments about Nasdaq market makers...I placed a limit order to sell ISAC at 2 15/32 this afternoon. The stock was quoted 2 3/8 x 2 1/2 at the time and the market maker lowered the offer to 2 15/32 when I placed my order. That seemed fair since there were no buyers at my selling price. The stock down ticked to 2 3/8 x 2 7/16 and then to 2 1/4 x 2 3/8 before rallying again. It rallied to 2 3/8 x 2 7/16 and then up ticked to 2 3/8 x 2 1/2 even though I had a sell order in at 2 15/32. I got filled at 2 1/2 even though the market maker working my order could have given me 2 15/32 and kept the 1/32 for himself. I hope Ice reads this because it is another example that shows the Nasdaq isn't a scam operation and all market makers aren't out to get you.

I'm thinking that ISAC will settle back below 2 after the current volatility subsides but there might be another day or two to scalp it for 3/8 to 1/2 before that happens.

Dan