Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.09

+1.8%

2:58 PM EST

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To: edamo who wrote (51108)	11/19/1999 6:46:00 PM
From: waverider	of 152472

Well...like most absolute statements, yours about NEVER putting in market orders for options on a stock like Q...is in a slight need of adjustment. You make a good point, but back one day in June when we were coming back from one of our corrections it was impossible to get limit orders filled right under the ask. I tried unsuccessfully 5 times and ended up without a bigger position by day's end. I even put in a limit order at the ask. The stock was just moving too damn fast...sooo... I put in a market order the next day about an hour after the market opened...about 20 points or so higher than I could have the day before. So afterwards, when this puppy is moving fast, I've entered market orders and have had no probs with the execution or the price. Take Care, Rick

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