Quarterdeck: Making a Striking Comeback! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Quarterdeck: Making a Striking Comeback!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: charles moore who wrote (2776)	4/27/1998 11:40:00 AM
From: James Mitchell	Read Replies (1) of 3307

Charles, not an expert, but here goes: There is some guy on the floor who gets your 2000 share buy at market. He's got to match your buy to sells as they come up to execute all orders as quickly as possible. Maybe there's a 2000 sell in front of him, maybe not, so he has to fill it any way he can, hence the 500 share fills. Now this is important-there never is a real good reason to buy or sell with a market order. That is why you got the other two 500 share orders filled at a lower price (I guess lucky for you!) If you had used a limit order at 2 (or whatever), while you might not have gotten the shares, if you did get them, you could have requested them alll at the price you wanted. You could also have requested "all or none," I think meaning that the order doesn't get filled unless they can do all your shares at once. However, since that's not a limit on the price, you could have gotten all your shares higher than you wanted. Anybody feel free to correct me on any of this since I am a trading bonehead.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next