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Non-Tech : Announcing: Wall Street Explorer for DATEK
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To: Terence Wilson who wrote (208)3/4/1998 4:11:00 PM
From: Bill Rood  Read Replies (1) of 244
 
Dear Datek in case you haven't noticed you are being trashed all over the internet. Chat rooms and bulletin boards are overflowing with comments in regard to your ineptness. An example I put in a limit sell order on a stock at 10 when the stock is 10 3/16x 10 1/4. 100shr are filled at 10 3/16 the remaining 700 remain open for 3 min until the bid falls to 10 1/16 at which time the order is filled. Why couldnt my order get filled during those 3min? How come my order sat until the bid dropped low enough to match a buyer on island. People want orders executed promptly at the prevailing price. They dont want there orders sitting until the stock drops an 1/8 so you get an island match. Also 20 share fills numerous partial fills are now the norm and not the exception.

Bill
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