Market Makers - What They Do and How They Do It Message Board

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Non-Tech : Market Makers - What They Do and How They Do It

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To: AlienTech who wrote (34)	1/18/1999 11:25:00 AM
From: jeer	Read Replies (1) of 429

re: schwab, my limited experience here suggests youre right, ive been pleasantly surprised by the speed of fills, and many days get price improvements of 1/16 or 1/8, sometimes 3-4 a day....however, i got to see the impact of going manual last wednesday trading CNKT. two back-to-back sell orders were cancelled by me, but only showed up as cancel pending. for a while i figured i had screwed up and oversold my position since the price blew right thru both orders. to my surprise, neither were executed, the stock continued up, and i was lucky enough to put a third sell order in and make another 1.5 points. good thread!!

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