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

To: N2GROWTH who wrote (4231)	2/21/1999 2:04:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 4969

N2, Check the NASD's website. Look for short sale rules. The NASD follows an UPBID rule. When you look at most quote services' quotes, the bid usually has an up arrow or down arrow next to it. This is meant to indicate whether thebid is an up or down bid from the previous bid. FORGET ABOUT THE PRINTS> simply look at the bid. ie. if bid is 1/2 , then 5/8 (5/8 is an upbid), then 11/16 (11/16 is an upbid), You can hit the 5/8 aned 11/16 upbid...yet if it falls BACK to 5/8, now this is a downbid...can not hit that bid, most offer it 1/16 better than a downbid or if spread is less than 1/16, join the offer. Hope that helps. Steve@yamner.com