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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Robert O who wrote (57829)	12/19/2001 7:22:42 PM
From: BWAC	Read Replies (1) \| Respond to of 70976

Robert O <I put in stop limit order all or none for all 4000> I'm thinking the "all or none" part is what caused the biggest part of your problem. Those orders go to the bottom of the line and rarely get filled well even in a straight buy or sell. Try just using a stop limit, with no qualifiers. Set up 4 for 1000 shares each if you have to. The "all or none" and size of your trade hurt you.

To: Robert O who wrote (57829)	12/19/2001 7:44:04 PM
From: advocatedevil	Respond to of 70976

RE: "I put in stop limit order all or none for all 4000 at price about 11 cents lower than current bid. AMAT drops 20 cents and stop limit never fills..." Robert, You might consider removing the "all or none" condition. That requirement is sending your order to the very back of the line to be filled. Other than that, you might have to risk using a sell stop (and forget the limit). AdvocateDevil

To: Robert O who wrote (57829)	12/19/2001 8:05:29 PM
From: advocatedevil	Respond to of 70976

ST - Trading FWIW, My dark-side brothers over at Micron and Motorola helped me book a couple wins on what was a mellow trading day for me. Current position: None Todays AMAT trades: Covered 4000 shares at $41.80, shorted at $42.20 GAIN +$1,600 Covered 2000 shares at $41.54, shorted at $42.05 GAIN +$1,020 Covered 2000 shares at $41.33, shorted at $41.60 GAIN +$540 With all trades booked, here's my current status: Todays status: +$3,160 MTD status: +$6,305 YTD status: +$136,780 AdvocateDevil

To: Robert O who wrote (57829)	12/19/2001 8:09:17 PM
From: mitch-c	Read Replies (3) \| Respond to of 70976

OT - All or None Orders A few months back, I had the same question of my broker, though without the impact you've seen. The rep on the phone explained that orders fill (are paired) in this sequence when a tick is hit: first Market orders, then Limit orders, and finally All or None orders. The first two can be automatically executed; the last requires manual intervention. If there is a lot imbalance, and a tick goes lower, your order goes to the back of the pile AGAIN, as the lower market/limit orders are executed. (Remember - you said All or NONE, so NONE is a valid handling ...) Apparently, only when a) yours is the only remaining order on your side of the transaction (buy/sell) at that tick, AND b) when there are sufficient shares offered on the other side, does your All/None order actually execute. Given the shift in execution priority inherent in an A/N order, I've decided not to use them. Note that this is a second-hand description from a possibly ill-informed amateur ... please verify or debunk this for yourself. Comments and corrections welcomed from anyone. - Mitch