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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (77462)	5/26/2001 9:19:45 PM
From: 10K a day	Respond to of 99985

Oh come on John. We all know it's based on supply and demand. What planet are you from?

To: John who wrote (77462)	5/27/2001 3:56:58 PM
From: Mark Adams	Read Replies (1) \| Respond to of 99985

OT: Your post brings to mind the phrase 'limit orders have no standing'. I can't recall quite what the circumstances are when this would apply. I would venture to say your broker screwed up by passively passing on the trade, then forgetting it. Perhaps what they should have down was pass on your limit order, then actively hit the market bid short with lots of varying sizes as trade progressed, picking up the shares from your account as sold. I suspect this might be a violation of their fiduciary duty unless they gave you the better fill prices they got. But then again, how uncommon is it for a broker to take the other side of a client order, at least short term? I don't have any training in the rules and regs for the broker trade- so this may be all wet. I just think when you are dealing with those kinds of volumes, you need a broker who will actively work to get you the best trade execution without moving the market.