How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.06

+0.2%

Dec 9 3:59 PM EST

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To: t2 who wrote (13789)	1/4/1999 3:13:00 PM
From: J. P.	of 74651

Stopped out. Didn't make the high of the day, but about 2 points off it, oh well. Nice bundle on the Jan 135's anyways. Will look to reenter the February options on any weakness. What a drop this afternoon! I have a question for all options players: I know the small orders of 10 or more contracts execute very quickly because they're done electronically. Well, say you have 50 or more contracts, and you call in the order to be manually executed on the floor. I generally do market orders, because I want leave the position, and sometimes the market will leave limit orders unexecuted. Now when I send these trades to the floor, I get no confirmations for like 20 minutes!, which causes some of my hair to turn gray! These guys can be down there sitting on the order and be taking their sweet time when the market is moving against the trade. I'm almost thinking that with orders of 50 or more it might be better to execute them 10 at a time electronically, since you generally get instant fills. Does anyone have thoughts or experience to share on how to execute larger numbers of contracts efficiently?

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