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  1. H

    Observations on the NYSE specialist.

    Mike (kowboy), I'm sorry if you got lost in this latest shuffle, but hopefully now you can see why it's literally impossible to engage in any sort of reasoning with Rockford and his ego, and why this thread has evolved into what it did.
  2. H

    Observations on the NYSE specialist.

    Impossible as per Rockford's appointed "expert": Therefore, according to Rockford's own expert, (and who he says is the "only expert on this board"), Rockford is dead wrong, and is, as CTSU says, simply not willing to listen (he certainly isnt since I have been telling him the same thing...
  3. H

    Observations on the NYSE specialist.

    This is funny to read since you are again inaccurately claiming that a floor broker could have sized Dan out. You are just plain wrong and even CSTU the expert whom you tout and worship has verified this as well. I will quote that in a minute.
  4. H

    Observations on the NYSE specialist.

    I cannot think of any reason that the 200k order could have been given priority other than that it was a long vs. Dan's short order. I am sure that a floor broker could not have shut Dan out due to size. Even if the 200k order was given some sort of parity as Rockford suggests, Dan's order...
  5. H

    Observations on the NYSE specialist.

    We know that it cannot be a cross because Dan indicates that the there are multiple trades which show up on the book as bids at his price. If there was a cross, it would be in one print and it would not show up on the book. I mentioned the cross trade just to throw out there that it is the...
  6. H

    Observations on the NYSE specialist.

    That is correct. He was partially filled before the 200k showed up, then not filled on 40k shares subsequently traded at the same price after it did. A clean cross trade can acomplish this. That is when a broker is doing a trade between two of his customers without going through the...
  7. H

    Observations on the NYSE specialist.

    It is absolutely mandated that all sell orders be marked as either Long or Short. These orders must be handled differently for a number of reasons. As far as the long sale priority issue, some digging needs to be done to offer hard evidence, but my understanding of it is as I stated. If I...
  8. H

    Observations on the NYSE specialist.

    This is open to debate, but my immediate statement was that the 200k seller was given priority because he was a long seller while Dan was a short seller. It is also open to debate it seems, as to whether longs are given or are supposed to be given priority in some or any circumstances. We...
  9. H

    Observations on the NYSE specialist.

    I don't think that is correct as far as overnight position go, but I am hopeful to hear other opinions on this.
  10. H

    Observations on the NYSE specialist.

    As you wish, kowboy. Here it goes, just for you! The facts as I see them are that a floorbroker cannot jump in front of Dan's order as Rockford stated here today. Dan's order was on the book and was already partially filled. As per Dan, after he got partially filled on his short, another...
  11. H

    Observations on the NYSE specialist.

    Perhaps some impartial, unbiased person could generously take the time to post a summary highlighting that valuable info. It would serve the thread well.
  12. H

    Observations on the NYSE specialist.

    [b] I have been told by a number of people in the know, and I think Don mentioned it here several times as well, that the specialists actually carry very little if any inventory overnight. They are basically daytraders like most here.
  13. H

    They Suponea Herb Greenberg, but they cant arrest the Patrick Byrnes!!!!

    This is actually more common than Greenberg lets on. It happened to Dorfman and Cramer to name two that come to mind.
  14. H

    Observations on the NYSE specialist.

    Thanks for the constructive feedback. I have done exactly as you suggested. If you go back a few pages (maybe more than a few) you will see that. I am sorry that the thread has evolved into this, as it has gotten tiresome trying to keep up with keeping the truth here, and when someone tries...
  15. H

    Observations on the NYSE specialist.

    Rockford, while a lot of what you said in your "Dear Don" letter was amusing, the lines quoted above would be the most laughable, if in fact I did not find them so utterly disturbing. That you would characterize the very important corrections of your misinformed statements as harassment...
  16. H

    Observations on the NYSE specialist.

    Please also note that MR. Bright invited Rockford into a moderated discussion, related to Rockford's charges, criminal and otherise, against the NYSE and it's specialists. Of course Rockford backed away from that, or otherwise dropped the ball on it. I also would welcome the opportunity to be a...
  17. H

    Observations on the NYSE specialist.

    Congratulations, Rockford. You are finally seeing the light. It is a shame that it took so many pages of going back and forth with you for you to understand a very simple concept. I do know that it seems you feel that one needs to be a lawyer to trade NYSE, as we concluded from this...
  18. H

    Observations on the NYSE specialist.

    This example that you posted clearly shows that you are wrong. NYSE Rule 72 contains this description of the matching process, in Examples VI. and VII., as follows: -------------------------------------------------------------------------------- VI. Bids A—100 B—400}...
  19. H

    Observations on the NYSE specialist.

    Quote from jimrockford: NYSE rules sometimes give priority to a larger size order, over a smaller size order at the same price, even though the smaller size order arrived first. I suspect this is what happened to Dan (dwl603). Is it this unaltered quote which is false? What is it that...
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