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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (44119)	1/19/1999 6:05:00 PM
From: rupert1	Read Replies (2) \| Respond to of 97611

Addi, Michael (and others who responded): Thanks. I have just got off the phone with Schwab in the US. They said that right now they are showing a final CPQ spread of $49 and $50 1/8th. They confirmed that all orders are outed at 4 p.m. However, they did say that orders can be "routed" to the after-hours market but not on the Web. It has to be done through a broker. I asked if I could do that - he said theoretically yes, but there were lots of complicated rules that, he, a broker would have to follow and he had never been asked to do it. He pointed out that "after hours" if an order is not filled in 3 minutes it is outed: he also said that spreads can be very wide, and it can be an expensive process for someone trading. I didn't ask too many more questions. I don't know if what he said applies to "normal" Schwab clients. I have had "institutional" coding on my account for a number of years due to the size of the blocs I trade. It gives me a special low commission and I can have my trades executed by the institutional desk ( I used to use this facility but converted to electronic trading this last year). But I don't know whether it is this status that would also allow me to trade after-hours or whether any client could do so. Since I don't want to, it doesn't matter. Question: If any of you didn't own CPQ would you buy some at $50 tomorrow?

To: uu who wrote (44119)	1/19/1999 6:09:00 PM
From: Kenya AA	Respond to of 97611

Addi; The after hours trading is for the really really really big guys. If you grab every cent of all SI members on all threads and put them together, they do not amount to even 1/10 of what these big guys have. You don't have to be that big to trade on instinet. There are online brokerages like MB Trading and AB Watley that will allow you to trade on instinet. You have to guaranty them X number of trades and/or X dollar volume per month, but it's not that high. I'm sure that MANY SI members qualify. K