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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?
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To: Doug Skrypek who wrote (537)10/26/1997 5:36:00 PM
From: FIFO_kid2  Read Replies (1) of 2313
 
I went from 7/8 to 1 1/4 on the option and it didn't execute. Can't you get burned on a market order. I used to use market orders until I got burned on SSET when 15 seconds before the open the stock skyrocketed from 8 to 9 1/2 when I was expecting to purchase the stock at 8. Granted I knew I had an arbitrage opportunity but the MM didn't mark up the stock before the open which tends to be commonplace. I figured I was able to capitalize on the situation- NOT!! I lost a huge sum on that trade and now always use a limit order with a specific price.
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