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

To: steve goldman who wrote (4228)	2/20/1999 4:17:00 PM
From: Gringo	Read Replies (2) \| Respond to of 4969

Steve, I am having a hard time understanding the theory behind "gapping up". I think it means that the price will move up at the open but I do not think that's correct. Thanks for your expertise. W. Mors (gringo)

To: steve goldman who wrote (4228)	2/20/1999 9:34:00 PM
From: bob wallace	Read Replies (1) \| Respond to of 4969

Steve I just stumbled across your message regarding shorting listed stocks I have one question why would anyone in their right minds place a market order to short - in my mind that is an open invitation for disaster (getting filled at the low of the day for example) so if one uses limit orders to short, what is the difference between OTC and listed? Bob Wallace

To: steve goldman who wrote (4228)	2/21/1999 9:38:00 AM
From: N2GROWTH	Read Replies (1) \| Respond to of 4969

Steve: In your previous post you stated: "Your short order becomes a dynamically changing limit order, with the worst position on the offer, without having to be displayed. Thus, while it might open at 1/2, that was a down tick (note that on listed it goes by ticks, (even harder) than bids.)...ie on nasdaq you can hit a bid, on nyse you can almost never hit a bit for a short....nyse shorts are even more difficult that OTC." I am interested in the comment: IE ON NASDAQ YOU CAN HIT A BID, ON NYSE YOU CAN ALMOST NEVER HIT A BID FOR A SHORT. I have traded electronically for the last three years. In the past I use to Sell Short the Bid on ISLD. About six months ago, the compliance department sent me a memo from the NASD that explained the SS Rule. They indicated that if I continued to do this, I would be subject to HUGE FINES PER OCCURANCE AND THE LOSS OF MY PROFIT IF THERE WAS ONE. My question is, how can you imply that it is easier to short OTC stocks because you can hit the bid, when I have been threatened with fines for doing this? Thank You In Advance, n2growth