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To: DanZ who wrote (18149)12/30/1998 10:01:00 PM
From: Iceberg  Read Replies (1) | Respond to of 53068
 
>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.

Dan,

I did read it. And thanks.

Let me just say that the other day I put in a order to sell out of my last NASDAQ stock holding because I've been getting screwed on NASDAQ orders.

Ironically, the bid on the stock was at 10 3/8 and the ask was at 10 5/8. I put in a limit sell order at 9 1/2 and my order was executed at 10 3/8. I had, by mistake, input 9 1/2 instead of 10 1/2!

Again, I don't know all the intricate details of how orders are, or are not, executed. But I felt quite relieved that E*Trade - or someone along the line - did not clip me for an entire point due to my input error.

BTW, I have an open letter in to E*Trade asking them why my NYSE orders generally get filled reasonably, while my NASDAQ orders don't. So far, they haven't replied.

Ice