Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: David Kuspa who wrote (11173)	3/5/1999 1:36:00 PM
From: Gorak Shep	Read Replies (1) of 16892

No, David, buying to cover is no different than buying to go long. Remember, you are putting in an order to BUY. So if the current price is 30 and you put in an order to buy at 29, your order will not execute at 30 since you limited it to 29. A limit buy at 29 says 29 is the MOST you are willing to pay for the stock.

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