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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (27663)	1/15/2002 2:03:56 PM
From: Louis V. Lambrecht	Respond to of 52237

Ouch! Costly way to learn that market orders are lined up in a queue. When the stop was triggered, your order became a market order, last order in the queue. Unfortunately, you were not alone in the case, unfortunately that is the way Globex works. I would file a complaint anyway if there is any evidence of a bad print.

To: rocklobster who wrote (27663)	1/15/2002 2:10:00 PM
From: Debra Orlow	Respond to of 52237

this was posted on the qcharts@yahoogroups list: "Here is a message I got from someone with access to the floor buystops hit by locals in the ndh -- CSboston had a stop order for 150, one local triggered the stops and ran 'em up, selling about 100 at 1649. But, Solly was offering 100 at 1639 -- that's why they changed the high in the pit from 49 to 39 Also, All trades in the NQH (minis) stand due to volatility. High print is 1679.50" Debra

To: rocklobster who wrote (27663)	1/15/2002 2:25:36 PM
From: Michael Watkins	Respond to of 52237

Unfortunately I think you've been victimized by the old demon, Supply and Demand. When a stop run develops and feeds itself like this morning, quickly the lined up stops and market orders exhaust the available supply of orders. In this case a swack of offers were cleaned out very quickly by the trading volume, so much so, that a vacumn developed in one trading range which means of course that the remaining orders that are still valid (your newly minted market order after the stop was hit) are filled at a higher range. 1630-1640 had a number of orders filled and once that was done, up it went. It all started here: trendvue.com And I guess there were a lot of orders ahead of you...