Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mitch-c who wrote (57834)	12/19/2001 10:21:21 PM
From: Robert O	Read Replies (3) \| Respond to of 70976

Thank you all for the input on rough day. I had seen in the past (but maybe WAY over imagined/over-weighted) that if AON is not indicated you can get filled partially and then get nickled and dimed on fractional fills all day as each of your stop limit orders (say they are broken up because position is large) If every time only a chuck is filled off commissions go higher and higher. So, I use AON. Rest assured I would not in future since I would MUCH rather have matched here. Also, it is impossible to trade without knowing if a limit has filled or not. So as I wait to see world goes to pot. This is unacceptable. I guess what is so surprising to me is that a rel. tiny size of 2000 shares could not be filled at my price with a stock like AMAT even last in line. But more disturbing is when MMs WANT to fill you they do at prices a little over or a little under the stop limit order price. This happens to me all the time. This time since price was obviously falling (but not panic falling just steady 10 cents more) MMS claim price was missed so ZERO fill. I had a total of three orders actually two at same price and one 5 cents lower with 1950 shares. Even that one did not fill! Also a AON but puuuulease. Well, I guess one rule of thumb could be if you must use stop limits best possible stock is INTC. I had a stop limit a week ago at 5k shares and it fills exactly on price for full amount. Gotta love that kind of liquidity but wilder price fluctuations seems more rare as the price traders pay for orderly and all but assured outs. To think what kind of dough I had riding under false assumption that a stop limit AON would ALWAYS fill at or somewhat below in an orderly market. Yikes. that's where my knowledge went astray. Had always heard that only in a very panicked free falling market like rush for the exits would there be a possibility of no fill for a stop limit and usually in less liquid sticks. The hundreds of INTC trades helped confirm this misperception. Also AMeritrade warns in small print for explanation of stop limit that in very volatile markets or less liquid issues stop limits might not trigger and a stop order is only assurance of dumping at whatever the market is at. that warning actually pushed me in the WRONG direction since it actually implies a slow orderly market should not be a problem fill. Biggest problem here, as many have suggested, was the AON status, since that is given literally 'no priority in the market.' Following is actual transactions for those who need to be convinced that just plain old stop orders are not the equivalent of waving a flag and asking to be screwed. For a 2000 share amat Stop order put in at 41.83: 1650 shares get filled at 41.79 and 350 at 41.65 That is criminal (esp. later fill) and obviously totally non-useful in short term trading. RO

To: mitch-c who wrote (57834)	12/19/2001 10:22:28 PM
From: advocatedevil	Respond to of 70976

"SpeedFam-IPEC Announces Second Fiscal Quarter Results" biz.yahoo.com CHANDLER, Ariz.--(BUSINESS WIRE)--Dec. 19, 2001--SpeedFam-IPEC, Inc. (Nasdaq:SFAM - news), a global supplier of leading-edge chemical mechanical planarization (CMP) systems for advanced semiconductor manufacturing, today announced its results for the second fiscal quarter ended Dec. 1, 2001. Total revenue for the second quarter was $25.8 million, compared with $83.9 million reported for the same quarter a year earlier, and compared with $41.1 million reported for the first fiscal quarter. Revenue for the first two quarters of fiscal 2002 was $66.9 million, down from $156.9 million for the same period last year... AdvocateDevil