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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (1867)	12/9/1999 6:18:00 PM
From: LBstocks	Read Replies (1) \| Respond to of 19219

JT, my thoughts exactly. Even worse, imagine those who placed a market order in their IRAs for two hundred shares. Instead of paying $12,000 (at $60/share), they get a bill for $60,000. If they don't have $60,000 in their IRA, then what? You can't bring new money in to an IRA to pay for it. Incredibly, some broker/dealers still allow market orders on IPOs in an IRA (Schwab got sued over this recently--customers claimed that Schwab should have rejected the trades because they had insufficient funds in their IRAs.)