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To: Tom R. who wrote (1883)1/24/1999 6:41:00 PM
From: De Peepster  Read Replies (2) of 5300
 
Dear Tomster,
Your order would never be executed on a Limit Order if the bid dropped below it. What can happen also is that you may get a partial fill and the bid would drop, just to see if you are willing to "chase" it down, this happens more often in a slow market. Do remember that Market Orders are always executed prior to Limit as well as Stop Orders. Hence, if one really wants to buy or sell in fast moving conditions it is more prudent to put in Limit Order slightly above or below the ask or bid, IMHO. Hope this helps.
L & S WCTI,,, Barbara

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