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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: funk who wrote (3749)4/19/1998 12:26:00 PM
From: peter michaelson  Read Replies (3) of 12617
 
Funk:

I read your post with interest and I have a question that I've never gotten an answer to that I can understand.

In your example of buying SPYG at either 10 1/4 or 10 1/8, obviously it is better to buy at 10 1/8, almost regardless of the commission. But how is this accomplished?

One can certainly enter a limit order to buy at 10 1/8, hoping and seeing sell orders continue to flow. Is this what you did, hypothetically, in your example, or is there some mysterious technique to improve the chances of getting a fill at the bid?

And, for my sake, let's also move the example to a New York Stock Exchange issue.

thanks in advance

peter
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