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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: PuddleGlum who wrote (1303)	4/30/1998 12:09:00 PM
From: MonsieurGonzo	Read Replies (3) of 1589

PuddleGlum; RE:" Options Shenanigans " > learned some more about options trading this a.m., and it cost me some $$$. I typically place limit orders for stocks, and since options are much more volatile I ALWAYS place limit orders. Much to my dismay, I placed an order for TQEGE at $2 when the ask was $2. My order was not executed, and last I checked the ask was 2 7/16. These guys moved their prices in response to a simple order for 10 contracts! Yeah man - that's happened to me, too. Yesterday they split a MKT order to sell 20 contracts and gave me 5 at X-1/8 and 15 at X-3/8. I got burned so many times on OEX "slippage", I stopped trading them altogether. I now just buy into weakness and sell into strength, @ MKT. Good luck to you, man! -Steve

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