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Non-Tech : Web Street Securities (WEBS) -- Ignore unavailable to you. Want to Upgrade?

To: B.D.Bauden who wrote (1226)	2/13/2000 1:15:00 PM
From: Tech Master	Read Replies (2) \| Respond to of 1339

This is simply an admission on the part of Web Street that they have very poor execution on market orders. I would have to disagree. While all orders are still at the mercy of US Clearing's executions for a few more months, I'd have to agree with Doc Stone's assessment that it is probably a policy designed to protect clients from getting creamed on a thinly traded BB stock. What kind of "trader" would want to place a market order trade on a BB stock anyway unless you are trying to get killed? Go jump off a bridge if you want to commit suicide.

To: B.D.Bauden who wrote (1226)	2/13/2000 8:31:00 PM
From: Lee Walsh	Respond to of 1339

"Believe me, they are saving you money by forcing you to place a limit order" No they aren't necessarily. I love to play intraday dumpers....in fact, I am very good at it. Buying at the bottom when a stock quickly drops from say $5 to 2.50 in a matter of 15-30 minutes. I can usually hit the bottom intraday within 1/8th of a point. And usually ride it back up for a buck or more. But it's darn hard to get filled with a limit order in those situations. I've had limit orders at the ask sit for 2-3 hours sometimes and not get filled....the market makers don't have to fill them at all. I'm just saying that a person ought to have the right to buy at the market if he/she chooses. The way things are going, pretty soon, trading and day trading is going to be so restricted that nobody will be able to participate. Maybe that is what they are wanting. I use limit buy orders probably 90% of the time. But I do sometimes use a market order is a special situation. Not all bb/penny stocks are thinly traded...and not all have wide spreads...you have to choose carefully what you trade. My penny account is up about 1500% since December....so I'm not a amateur trader...I've been trading for several years. I used to live in a free country. Maybe they should have a disclaimer form that a person can sign... Lee