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Technology Stocks : PALM - The rebirth of Palm Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Dnorman who wrote (233)3/2/2000 10:49:00 AM
From: Roman  Read Replies (1) | Respond to of 6784
 
yes, you can do a limit order. not all brokers will let you place a market order though.



To: Dnorman who wrote (233)3/2/2000 10:51:00 AM
From: Souze  Respond to of 6784
 
Dennis, Check out what Datek told Moonray. That may or may not be how your broker handles it.

Message 13023397



To: Dnorman who wrote (233)3/2/2000 11:03:00 AM
From: SJS  Read Replies (1) | Respond to of 6784
 
I guess that if you didn't get IPO stock, you can try to buy it in the open market with a Limit order. I would STRONGLY suggest that you ALWAYS use LIMIT orders and never Market orders for this. Too many tales of woe with market orders being executed late and far away from the real market prices when you entered it.

I personally don't chase IPO stocks on "IPO day", so I can't advise on strategies on where to put the limit order pricing, and how to keep from being whipsawed by the daytrader rush, both up and down.

I've advised friends who say they WANT this stock to fundamentally wait until it settles down, and then attempt to purchase it for MT, or LT growth. That purchase would probably not be done today.

Good luck.

Steve