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To: Randy Ellingson who wrote (97166)3/22/2000 6:17:00 PM
From: mike machi  Read Replies (1) | Respond to of 164684
 
~Why wait and worry and wonder when you could get the market price immediately and move on to more news, analysis, discussion, relaxation, etc.?~

I have asked the question about online brokers (are there any good ones?)

I use both. There are times (too many) that I have to wait several minutes for conformation of buy/sale.

If you had an acct with my broker you would NEVER use a market order. Imagine waiting for conformation and getting caught in a downdraft. It happens. (me..efax)

Mike



To: Randy Ellingson who wrote (97166)3/22/2000 6:20:00 PM
From: Greater Fool  Read Replies (2) | Respond to of 164684
 
>>I have never placed a limit order.

I have occasionally gotten prices materially worse than the current bid or ask when I have placed market orders. And this on widely traded, liquid stocks.



To: Randy Ellingson who wrote (97166)3/22/2000 6:25:00 PM
From: Bill Harmond  Respond to of 164684
 
Exactly. It's closet daytrading. (Sorry, Jan. Nothing meant!)



To: Randy Ellingson who wrote (97166)3/22/2000 6:35:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
I have, but I don't anymore. Why wait and worry and wonder when you could get the market
price immediately and move on to more news, analysis, discussion, relaxation, etc.?


Randy,

This makes sense. The people on this thread will have me trained eventually if I am trainable<G>