BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? Message Board

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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ????

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To: blake roberts who wrote (308)	11/30/1998 11:39:00 PM
From: zhaolen	Read Replies (3) of 1196

Dear Guys I got a trouble for trading my BAMM this morning. I set a limit sell order at price $41 last night. The market open price was $46. But my shares didn't executed within 15 mins. Then I tried to cancel this limit order and made a market sell order(at that time, the price is around $44-45). But it was very difficult to cancel it(at cancelling status for more than 20 mins). Half hour later,the price droped to $25. I sold my shares with big loss at noon time(I bought it at $36). I called a representative(DATEK Security Co)and he said that they will always deal with market order first. Limit order will not be gurranted to execute even the market price is beyond your setting price. I have little experience about this situation. I am very appreciated if somebody can give me some advices Thanks!

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