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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: hoffy who wrote (17817)11/27/1998 4:21:00 PM
From: Char  Read Replies (2) of 119973
 
To anyone considering Waterhouse.

Well Waterhouse sucked today, as usual. This morning I placed an order to buy 2000 shares of NAVR when the stock was trading 8 13/16 X 8 7/8. I put in a limit order at 8 15/16 and their Webbroker system rejected the order with the message that my price was too far from the market price. They have been having this problem for 6 months and don't seem to want to fix it. I was told in the past by one of their tech support people that their system looks at the previous days closing price rather than the current price and if the order price is too far from yesterdays closing price the order gets rejected. By the time I was able to talk to someone about the problem the stock had already jumped 1 point.

Chae
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