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Non-Tech : Waterhouse Securities

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To: margin_man who wrote (121)	9/20/1997 11:51:00 AM
From: James F. Hopkins	of 2076

HI Patriot ; re>>But how could a sell order (placed at the bid price) be executed when the stock price was heading below the bid price?<< I'm really talking buy orders here, so your question causes me to think you didn't catch what I was talking of. --------------------------- Sell is ask, you should get the best bid, I was bidding (buying ) and the market makers actully bought stock from someone below my bid, so who ever was selling didn't get the best bid, my buy orders (bid ) should have exicuted before the price droped below them, but here latly that has not been the case, This week I was bidding SPCO at 1-1/16 ..it went to 1..but I did not get any, I was also bidding MOOV at 3-7/16 and it went to 3-3/8 and I did not get any. ------------------------------ There have been times in the past I actully got orders filled below my bid price..and in some cases sold stock and got a little more than my ask..but latly none of that..and I'm like wanting stock to average down..and to watch it go below my bid..and not get any kinda makes me shake my head and say what's going on..my order has been sitting there for several days..is it that waterhouse is not showing my bid on some of the systems ? Do they have a deal were my orders just go to some particular market maker that cuts them a percentage hence limit where my order is exposed ? this is what it looks like. I'm a small trader and have two accouts with waterhouse and still hold one with AGE, between the two with waterhouse I'l likly trade a half million dollars a year, it adds up and I expect a little better service than I've been getting latly. Jim

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