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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4146)	2/4/1999 11:56:00 AM
From: Tim Luke	Respond to of 4969

i like MER and PAIR....

To: steve goldman who wrote (4146)	2/4/1999 8:45:00 PM
From: Sword	Read Replies (1) \| Respond to of 4969

Hey Steve: I just wanted to give the readers an account of how good you guys are. Today, I called in an order to Bernie to short JBOH at 18 near the open. He took the order and I hung up. This stock really began to fly. It soared right past my limit buy. I called him back and he said, "Look, the stock is really moving. I didn't execute it for you. I'd rather lose the commission than have you lose money. I don't recommend you do this." By this time it had gone to 20. I said, "Thanks, you're right." I hung up. About 30 minutes later, I called back and gave him an order to short at 21 1/2. I covered about 3 hours later at 18 1/2. I can't begin to tell you how much I appreciate your excellent service and professional attitudes. YOU'RE THE GREATEST! -Sword

To: steve goldman who wrote (4146)	2/4/1999 9:48:00 PM
From: Pierre Borczuk	Read Replies (1) \| Respond to of 4969

This question is not only for steve.... I am using RT3 , with the usual routing to ISLD, selectnet, SOES ,etc... choices. On these fast moving , high flying stocks...I find it difficult to get in and get out. Hard to find an ISLD seller on the way up (unless you are willing to pay a 1/4's and 1/2's (points sometimes) above ask. When there are lots of ISLD sellers, then you can predict the trend will be down. The same is true when you want to sell. You can hit ISLD below bid (again this could be far from inside price). You can offer on ISLD, but with few buyers, all you are doing is entering, cancelling, entering ,cancelling and riding the price down. Using selectnet seems to add delays in getting fills, leading to cancelling orders, re-entering orders leading to worse sell prices (or higher buy prices). Any recommendations as the best way to get in or out of these stocks (for example today it was JBOH, BAMM, PTVL) Thanks Pierre