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Non-Tech : Waterhouse Securities
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To: VincentTH who wrote (1422)7/13/1999 12:49:00 PM
From: Ken  Read Replies (1) of 2076
 
>> but I believe that that rule only applies to limit orders placed >> overnight, not during market hours. Besides that, I am placing a >> limit order AT THE BID during market hour

I thought the rule only applied to the type of order (and has nothing to do with when the order is placed).

Good-for-the-day orders will get rejected if the price is outside whatever the range is.

Good-Until-Canceled orders will always get placed--at least that has been my experience. If you are playing very volatile stocks, use GTC orders (and don't forget about them!)
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