SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Analytical Surveys (ANLT) computer maps
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jody Ritchie who wrote (1031)7/23/1999 3:29:00 AM
From: The ChrisMeister  Read Replies (1) of 1157
 
"... how a limit order executes..."

I had the same thing happen just yesterday on the NYSE -- was trying to go short NSM (Nat'l Semi) @ 27 3/16. The thing traded my price, 27 1/4, and 27 5/16. I didn't get a fill during the 20 minutes it was at or above my price. Of course it was a short sale, requiring an uptick, and it was also "all or none", though I thought my little 600 share order was nothing compared to the thousands flying around on that issue.

After it pulled back to 27 or so I upped the order a tick to 27 1/4. It came back up and did the same thing again, hitting 27 3/8 before closing right at my price. Again no fill. I figure the MM didn't want to execute unless he could make more than 1/8th or didn't want to see anyone go short, or market orders slipped in in front of me. I'd be ticked off if I payed a tick or two more than someone else was willing to sell at. NSM was off the better part of 2 pts today so it's still a sore spot...

This has happened to me before on regular buy and sell limit orders without the "all or none" flag, which I now use because I'm tired of partial fills and maybe having to pay multiple commissions. If only 1/3rd of your order fills you should only pay 1/3rd the commission, right? On short market orders they sometimes scam you several ticks to give you an uptick, so I always go with the limit in that case.

* ChrisMeister
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News