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Strategies & Market Trends : APMP (formerly APM)

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To: tom pope who wrote (10314)3/13/1998 6:37:00 PM
From: AlienTech  Read Replies (1) of 13456
 
>>When you put in a bid at - to use my trade as an example - 10.75 for Apr OEX 510 puts, can trades take place under your bid? <<

Well nope..

>>Does the broker have to show your bid?<<

Well nope..

>>I use e-schwab, and am barely happy with them. <<

Well nope dont have an account with them anymore..
they are fine with stock but with options they are extremely slow..

>>Do you have a good experience with whoever you use?<<

Hmmm Yea I use ETrade, they helped get me in this tax loss write off situation for the next 30-40 years.. For some reason I think the entire web was wacked today. I got me some puts on neta for 1 1/4 yesterday. Today I wanted to sell it and first order was for 1 7/16, didnt take as ask was too high, changed it to 1 3/8..no go.. changed it to 1 1/4 didnt take so I said forget it and cancelled it.. no go.. Later on in the day I go hmm market tanking big time, maybe I can get rid of them damn puts since my calls are loosing a ton. Entered an order to sell them for 1 13/16, no go.. I go what??? I paid 1 1/4 when the stock was @ 71 1/4, You mean its not worth 1/2 more when the stocks @ 68 3/4? or down 2 1/2. A while later gets confirmation sold @ 2 1/16 when stocks down to 68 1/4. It was @ 68 1/4 20 or so mins after I entered a limi order which was priced as a market order and in this situaltion worked out, The other situation it didnt work out was when AMAT after earnings report hit 40 saw it coudnt break entered a price but took them too long to process the orider and missed, ended up selling @ 36, not bad and only 10 calls, lost some but hey. The other time was when WCOM hit 39 15/16 wanted to sell but missed cause it took too long to enter the order and sold @ 38. Oh heck was only 100 calls, 20k well its only money!

>>Many thanks in advance.<<

Sure pal, Can I borrow that gun you are wearing? Lets go broker hunting.. I smell snarl meat!
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