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Non-Tech : MB TRADING
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To: Rick Faurot who wrote (1656)10/29/1998 9:15:00 PM
From: Colin Cody  Read Replies (1) of 7382
 
Rick, I am new at this and learning as I go. soooo, with DELL I look at it's chart for the day and try to predict the rest of the day's range.

Let's say it is 64 7/8 by 64 15/16. Now, if that's the bottom in my estimation I'd place a buy at 7/8ths or 15/16ths or if it was ready to move, I'd do a buy at-the-market.

These "at the market" trades are a big reason I need to leave my brower based broker. It takes 2 minutes to get a market order off with my browser-broker. I understand that MB Traders will get my at-the-market orders done in about 6 seconds, maybe 10 or even 15 seconds for an at-the-market fill would be great for me!

Back to the above... if I felt DELL was going to pull back then I might place a limit buy at 64 1/16 and just wait for the fill, perhaps adjust that limit if the stock doesn't drop as much as I expected.

Colin
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