Strictly: Oil and Gas Exploration Companies Message Board

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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies

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To: PuddleGlum who wrote (308)	7/28/2000 11:50:31 AM
From: isopatch	of 318

Hi P.G. We all need a little luck. Lot of whipsaws nailing STer guys I know working that end of the holding period. Don't usually do a lot of ST myself. This AM a good ex of why<g>. Had a nice 2 day gain in an E&P have worked with for about a yr. Bid showing 5 7/8 with 2000 in size. Hit the bid with 1k and no fill. It was a spoof bid. MM drops the bid to 3/4 but shows total vol for the day of 1,200 shs, LOL. Broker challenges MM and MM says his bid was 3/4 during that time. I have 2 real time services. But for SEC and compliance the only monitoring currently is for time and price of executions not size of bid and offer at that time. So there is no recourse for the investor. I'm not even all that angry. See it all the time. Only when regulators upgrade to monitor size of bd & of by MMs for time every order is entered by each investor then this can be properly policed. They'll probably ask for an excise tax on each order executed to pay for the new Cray they'll need to do it<G>. Until then "just be careful out there" folks. Isopatch

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