DCI Telecommunications - DCTC Today Message Board

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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Grupo Brad who wrote (3202)	3/3/1998 10:09:00 PM
From: ernie de la fuente	of 19331

Grupo, My take would be that if you had a market order out there, at some point during the day, the mm's would HAVE to honor you 500 shares. I suspect(please correct me if I am wrong) that you had a limit as you said you were "chasing" the ask. It is tough to chase the ask with market orders<G>! Since I feel you had a buy limit in place and I know there were many OLD buy limits already lined up, your order was still waiting its turn to be filled. Once the MM's filled all or most of the orders in front of yours, they might have bumped up the ask. At that point they weren't required to fill yours at all! You mentioned you were chasing so I assume you reloaded and entered a limit at a higher price but again you were last in line on the new ask. You are by far a more seasoned investor than I but my one word of advice would be, put limits(buy or sell) in place and leave them there unless something comes about changing your view on your orders. I hope this helps. If anyones feels I blew it with my explanation, feel free to jump in. VI

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