Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: GR who wrote (7224)	3/6/1998 12:39:00 AM
From: shasta23	Read Replies (1) of 16892

Hello to everybody! I have a question regarding sell stop limit orders at DATEK. I have a stock that unfortunately has sometimes a huge spread of like 1 fullpoint. Right now bid is 32 5/8 and ask 33 3/4(i know it's bad but sometimes this spread shrinks dramatically to normal sizes/that's where i bought it).Question is if i can put in a sell stop triggered at e.g.31 7/8 (price field in the middle of order screen) but put a stop limit at 32 5/8 to sell closer to the ask.I don't want that the yerk of MM lowers the price to make a full point spread on my costs. Has somebody experimented with this kind of stuff? ANy help would be really appreciated. Thanks in advance! Stefan

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