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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Eric P who wrote (6847)3/27/1999 11:12:00 AM
From: Gary Korn  Read Replies (1) of 12617
 
Eric,

Can a market order be placed against the ISLD book? And if so, what happens? Thus, assume I want to sell 1000 DELL at market. Assume also that it is trading at 62 bid by 62 1/16 ask. The ISD order book has 300 bid at 62, 700 bid at 61 15/16, 1000 bid at 61 7/8 and 5000 bid at 61 13/16.

In this case, if I can place a market order, would I fill down through 67 7/8?

My plan, through ABWatley (just started the account) is to buy at limit, but sell at market so as not to chase. I'm just hoping that this is doable.

Thanks in advance,
Gary Korn
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