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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: SnowShredder who wrote (16462)5/8/2000 7:18:00 AM
From: dealmakr   Read Replies (1) | Respond to of 59879
 
WHG,

If your order was placed with enough time remaining before the closing bell you are due a fill. I had a limit sell order on 2000 NBCI flip that was executed with the first 2 trades of 100 and then nothing about the other 1800 even though some trades went off over my limit with the bid at my limit. Called the broker and ran time and sales and was filled the other piece. Lately I have been seeing that the MM's sometimes are not showing your size and have been manually executing the trades, this flies in the face of the SEC regs that were talked about recently. If you don't get an execution that you feel that you deserve within the parameters of your order either limit of market, then get right on the phone with your broker and make them go to bat for you, if your broker doesn't give you satisfaction or service, find a new broker. Remember that those same MM's that can represent your order are also capable of trading against you especially in this lite volume that we have been having. Market orders should only be used with great care as they have a tendancy of allowing your pocket to be picked.

Good Trading

Dave