Options for Newbies -(Help Me Obi-Wan-Kenobe) Message Board

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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)

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To: Madpinto who wrote (1215)	1/15/1999 11:52:00 AM
From: ----------	Read Replies (2) of 2241

Michael: I have the ultimate options "hose" hanging on my wall. I put in an order to buy 5 TEF calls at the market. (yes, at the market!) After watching for 5 minutes while the stock continued to soar, I decided to force a fill. I entered an order to cancel my buy 5 calls at the market. Believe it or not, I got a "You are out"! If anyone ever tells me you cannot cancel a market order, I have written proof to the contrary. Regards, Doug

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