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Biotech / Medical : Biotech I-Shares (IBB)
IBB 172.39+0.1%Jan 9 4:00 PM EST
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To: matvest who wrote (41)3/10/2001 12:36:30 PM
From: Rich23241  Read Replies (1) of 75
 
Hi Larry. I haven't used a limit order with IBB yet. I bought my 50 shares on the first hour of trading. Scottrade made me call up the brokerage office because they don't allow you to buy a new issue n the first day of trading. Because, I spoke to a broker they charged me $17.00. In the last two months since I started with AIM I've had approximately 27 limit buy orders and 1 sell through Scottrade and haven't had a problem. For a regular market order, they charge $7 and for a limit order it is $12. They send an e-mail when it is executed. I made 3 purchases of QQQs during this time for:

10 QQQ @ 50.69
11 QQQ @ 48.11
11 QQQ @ 46.00

I have a limit order in now for 12 share at 43.90. Sometimes when I place the limit order, I may round it like $85 for IBB, although AIM is advising a buy @ $85.30.

In addition to the IBB and QQQ Limit Orders, I have others for the following right now:

Buy 12 MEDI @ $35 for $420
Sell 200 NBTY @ $8 for $1600
Buy 50 ADCT @ 10.5 for $525
Buy 42 PLUG @ 11.75 for $493

So you can see I'm into limit orders. Since using Scottrade, I haven't had any problems and I'm very happy with them. My son who has an account there also said I must be their favorite customer.

Rich
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