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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (62)	7/23/1996 6:45:00 PM
From: Cynic 2005	of 132070

Mike, do you place market orders for your options? Is there a rule of thumb here? Today I placed a limit order to buy puts on PSFT. It did not get filled. As the stock got hit, I chased it down by chasing the limit (the limits I placed are the asking prices at that time!) I place limits 'cause several times I paid much higher price than the asking price. After the close I saw the news and felt like an idiot for trying to cut corners. I think PeopleSoft will be tomorrow's major casuality! Thanks! >>Mohan

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