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Technology Stocks : Analytical Surveys (ANLT) computer maps -- Ignore unavailable to you. Want to Upgrade?

To: Robert Sheldon who wrote (1030)	7/21/1999 5:00:00 PM
From: Jody Ritchie	Read Replies (3) \| Respond to of 1157

* OT * Can someone help me understand exactly how a limit order executes? Today, I tried to sell the final bit of a position I had in an OTC stock. I put the limit sell in at 6 3/4 this morning. AFTER I submitted my order, a few trades went off at 6 13/16 and a few more at 6 3/4. The price settled at 6 9/16 and I never got my order filled. I guess I don't understand the trade procedures as well as I thought. I put my order in just below the ask so I could unload the shares. Now, why did the ask not drop and why did someone pay more than I was asking for their shares? I asked my brokerage customer service and was told there either weren't enough shares being bought or there were other orders in front of mine. That doesn't make sense. If I'm buying a stock at the $10 ask, then see someone offer it for $9, why would I want to "clear the queue" of all the $10 stock before getting the $9? Can someone enlighten me? Dammit! I hate being ignorant about something I thought I understood. Thanks in advance for any help. Jody