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Non-Tech : MB TRADING
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To: TraderAlan who wrote (1327)10/19/1998 8:43:00 PM
From: wily  Read Replies (4) of 7382
 
TraderAlan, I'm currently with Watley and had an unpleasant experience with ISLD a while back: I placed my Island sell between the spread, and subsequently, (it was a fast moving market--IPO day for EBAY) the bid moved up higher than my offer, cancelling my order, (after I had gotten filled for 11 shares, thankyou). Then the stock turned around again and ran away from me and I never did get to sell my shares, ('til it got to the bottom). My question is: Do all brokers have the same deal with Island--that your order gets cancelled if someone locks or crosses the market on you? It seems to me that I've seen Island quotes stay live in a locked market. That particular instance cost me a lot, so I'd really like to know the answer to that one.

Thanks,
wily
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