Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : JPR Capital -- Ignore unavailable to you. Want to Upgrade?

To: bruce bell who wrote (450)	5/10/1999 9:17:00 PM
From: Wayners	Read Replies (3) \| Respond to of 495

I used to think the same thing. With the amount of liquidity out there, it isn't too difficult to buy at the bid and sell at the ask. You just have to sit there and wait to get filled--usually less than 15 seconds. With JPR you don't have to just rely on buying at the bid and selling at the ask. You can always sell at ISLD's highest bid, even if its not at the inside bid. You can always buy from ISLD at ISLD's lowest ask, even if that price isn't at the inside ask. ISLD has a lot of liquidity. ISLD is almost always very close to the inside market. If ISLD is not close to the inside market, you can always beat the competition out there and post the highest bid to buy and post the lowest ask to sell. You'll often get taken out very fast. If you are dealing with a lower volume security and you want in or out right now, just use Selectnet and go after the nearest market maker. Otherwise post a very high bid or post a very low ask and wait it out. It should not take long. If they move their price on you and you don't get a fill, then use SOES on them.

To: bruce bell who wrote (450)	5/10/1999 9:37:00 PM
From: dave carroll	Read Replies (1) \| Respond to of 495

Another good resource when using Island is the Island book. You can go to www.isld.com and view all the outstanding orders on Island for a security by loading up the book. Kind of a Level II for Island. The book can give you a good indication of the depth of orders within Island itself. While the book can't show the buys and sells going off in between it's highest bid/lowest ask, you can use it to view larger orders outside of the inside spread.