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

To: ayn rand who wrote (4237)	2/21/1999 2:41:00 PM
From: Mama Bear	Respond to of 4969

"How is this possible in view of the uptick rule and all?" Umm, how could the high of the day be a downtick? If you read back a few posts on this thread, you'll find another fellow who filled a buy on the low of the day, and it's explained. You probably sold at the offer. Barb

To: ayn rand who wrote (4237)	2/21/1999 5:47:00 PM
From: steve goldman	Respond to of 4969

There was a post a bit back about manning rules. During normal market conditions a firm is required to display your bid/offer within 30 seconds...THat is you enter an order to sell at 6 1/4. They get 30 seconds (which can be an enternity..left for a subsequent discussion)...yet you could see your stock offered on the offer at 6 1/4 by the mm or an ECN to which they route the order. Then simply someone just came into buy stock and took your stock. Fairly common..you cant sell on the offer unless you offer it.. regards, Steve@yamner.com