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Strategies & Market Trends : Ask DrBob

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To: indexit who wrote (6242)9/23/2000 7:57:25 PM
From: flyeguy99   of 100058
 
Indexit, Re: slippage,

I find that the larger my lot sizes on NYSE stocks the longer I have to wait to get filled, especially when I go above 5000 shares.

When I trade GLW, HWP or EMC with smaller lot sizes, executions are almost instant.

I usually go with limit orders about 1/8th above the ask instead of market orders on NYSE? if not filled I cancel and chase another 1/8th, I think when the specialist sees a market order come up he knows he can play with it, and knows you can't cancel it.

Its also almost impossible to short on the NYSE when the stock is in freefall, the brokers on the floor have the homefield advantage..

Fly
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