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Non-Tech : Datek Brokerage $9.95 a trade

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To: per strandberg who wrote (6760)2/10/1998 8:19:00 PM
From: Craig  Read Replies (2) of 16892
 
Yes I understand that...
Bid price is the highest price that buyers are willing to pay for a stock. Ask price is the lowest price sellers are willing to sell a stock at. My point is that besides the market orders that were occurring, which occur at the ASK price, my limit price represented the best BID price which at that time was the highest price any limit order was on the marketmaker's books. Even though my order was obviously the best BID (it changed as I changed my orders up and down),other orders were filled instead at my bid price, but not mine.
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