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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Jorj X Mckie who wrote (19186)2/21/2000 9:48:00 AM
From: sherlockgerlach  Read Replies (2) of 63513
 
Here is a trading question that I have been meaning to ask. When you want to exit a stock in a volatile market, do you place a market sell order or a limit sell order below the bid (which executes like a market order. . .(not as fast but with some control over price it will sell at)? I did the later on Qcom when it peaked month or two ago and the market maker waited 32 minutes and didn't fill my limit sell which was 35 points below the bid (742). The stopped continued down to 650 and of course by then my limit was not a good order. Can't believe they can get away with things like that. Waterhouse stood behind the marketmaker. (NITE)
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