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Pastimes : Rules We Can Learn From

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To: Cosmo Kramer who wrote (19)4/25/1998 10:42:00 PM
From: Scott H. Davis  Read Replies (1) of 109
 
Perhaps my experience is atypical, but I've had very good success with placing limit orders on NASDAQ stocks, especially when the spread is mot tight. With intraday swings, as long as you set a reasonable price, I've had about 90% of my limit orders filled, placed as day orders, without the all or none option.

Forget it on OTC stocks - too far down the MM totem pole to expect enough integrity for the order to be filled. So I respectfully disagree on the no limit orders. IMSCO Scott
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