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Politics : Formerly About Applied Materials
AMAT 263.03+0.5%3:59 PM EST

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To: Robert O who wrote (57836)12/19/2001 10:40:32 PM
From: BWAC  Read Replies (1) of 70976
 
<Following is actual transactions for those who need to be convinced that just plain old stop orders are not the equivalent of waving a flag and asking to be screwed.>

They are waving a big huge flag. You've painted a target for them to shoot at. Ever notice how an even number like $40 triggers all kinds of stop losses and can knock the stock to 39 in a heartbeat, only to recover above 40 minutes later? Vice versa on the way up through 40.

However I disagree if you say Ameritrade hooked you on this one. We have all seen AMAT regularly have a flurry of activity which takes it 10 and 20 cents up/down in the blink of an eye. You got filled when the flurry settles down it looks like.

Your desired price of $41.83 was not far from the low fill of $41.65. Especially IF you got caught in the middle of one of these flurries. I've watched AMAT move further than that in the 5 seconds it took while I was typing an order in.

<Also, it is impossible to trade without knowing if a limit has filled or not.> On AMAT? Ameritrade normally gets my limit orders filled and confirmed before I can get the next screen up (Assumming my price was right).
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