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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (67131)	10/21/1999 4:10:00 PM
From: fiberman	Read Replies (2) \| Respond to of 90042

Tim, and other "No resters" I just ran into a sitiuation, and I hope that somebody can help me. I have been day trading AETH all day long. One of the few days that I did make money, especially on an IPO. I do not have a position right now(at the end of the day). I played the game excatly how I was supposed to, and used "Stop limit sell" orders all day long, which they hit 5 times. Every time I enetered the order with Fidelity, it did take the order, but with anote saying that this stop loss limit order is at the discretion of the market makes, and they can change, process, or cancel it as they want. What kind of B.S. is that? It is like giving these jerks a signed blank check. I called Fidelity, and I was told that it is the case, and actually MMs can come back and change the price on executed orders. Is this possible? or was the guy over at Fidelity whom I talked too had sniffed too much glue today? Thanks for the help, and soory for the long post!!!! :-( P.S. For the BEAM players, "BE CAREFUL". I know these guys very well. They are not exactly "Mr. Rogers"!!! Their ex president is still in hiding from FBI in Costa Rica!!