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To: mtnlady who wrote (9386)2/2/2001 8:13:48 PM
From: dli  Read Replies (1) | Respond to of 10876
 
Are you sure the problem was with the exchange and not your broker? I've found the LEAPS are almost always on autoex (except when a fast market is declared) so you should receive an immediate execution. When I just take the offer on a LEAPS I usually receive confirmation while my finger is still on the transmit key. I've also had good success lately splitting the spread on LEAPS.

Dave



To: mtnlady who wrote (9386)2/2/2001 8:16:38 PM
From: rx4pain  Read Replies (2) | Respond to of 10876
 
I regularly have limit orders placed at the ask not executed. The only time I actually got an execution is when the underlying actually ticks down(for calls). I don't mind paying the ask, but sell it to me. Every time when I switch it to a market order it gets executed within a minute. I've sat in amazement as my limit orders at the ask sit for 30-40 minutes. Especially when the spread can be a half point, I don't want to be paying more than even the ask. Unfortunately, that is the game. Perhaps its time for acceptance.
Rx