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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (984)	6/18/1999 1:44:00 PM
From: Carl Worth	Read Replies (1) \| Respond to of 18137

Jerry- If you have a buy stop in, it will not reflect in the Level II as it becomes a market order when the stock trades at the stop price you have indicated. Until then, it is not an active order and thus is not reflected in Level II (or anywhere else except on the books of whatever market maker is handling the order). If, on the other hand, you had an order in to sell 500 at a limit price above the market, or buy below the market, you would see it in the list on the corresponding side. Carl P.S. The fact that you got filled in parts and at less than 45 is a good indication that your MM worked your order and saved you a few bucks, always a nice surprise. :)