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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Trio who wrote (6212)2/4/1999 10:16:00 AM
From: PistolPete  Read Replies (2) of 27722
 
Depends on the market for the stock.

A lot of times, if I want the stock, I want the stock. If you dick around with limit orders to buy a stock, NASDAQ MMs will just blow by them and you get to watch everybody else make money because you are haggling over a lousy 1/16. If there is a fairly wide spread, on the other hand, I have my broker set my limit between the bid and the ask and I very often get filled. Got filled yesterday on the bid on one, but the stock was quite volatile at the time. so it was hard to say what actually happened.

If you ever read Reminiscenses of a Stock Operator, one of Jesse Livermore's key principles was to ALWAYS place market orders...he wanted to see what the market was doing, not what he was doing.
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