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Technology Stocks : IFMX - Investment Discussion

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To: Anita J. who wrote (12882)1/26/1999 10:43:00 PM
From: michael katz  Read Replies (1) of 14631
 
a limit order at the bid, whether a stock or option, would assume that the price will either go down or the market maker will sell at a zero spread. More likely but still not guaranteed would be to place an order between bid and ask. If you were unable to buy at the ask there would be something screwy unless the price moved up before your order went in or you were looking for more shares/contracts than offered at that price.
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