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Strategies & Market Trends : From the Trading Desk

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To: jlib who wrote (4211)	2/18/1999 6:48:00 PM
From: Dave Shares	Read Replies (1) of 4969

Jimmy, When you place a limit order, a good broker will put that order on the bid. While you are only entitled to a "guaranteed fill" if your limit is reached on the ask, you may be filled if your limit is hit on the bid (by a seller) and the market maker buys you those shares. I have had this happen many times (although not necessarily the low of the day). Even E Trade puts my buy orders (usually via NITE or HRZG) on the bid and my sell orders on the ask when they are limit orders. By the way, Steve, if you read this, I am really enjoying trading with Yamner. Great service, but you already know that. David

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