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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?

To: TheStockStalker who wrote (2492)	1/19/2002 7:47:10 PM
From: booters	Read Replies (1) \| Respond to of 9012

>When it is time to get out, it is time to get out period and not rely on hope. < I agree Stalker but would like to add this little note. You will almost always get a better price if you do wait for the market to calm back down. This time price did not return but most of the time it will come close. The problem is entering a PANIC order right into the middle of the chaos. At that point the spreads can be HUGE and can widen to almost the opposite ends of the spike. An order entered at this time WILL BE filled at the wrong end or worse case. Waiting till the market calms a bit at least gives you a better opportunity at getting a decent price. The worse that will happen is a fill at the top and you will get that anyway if you enter during the panic. By waiting, many times the market will come back to, or very close to where it started. Actually you can find many instances where the spike ( usually smaller ones ) will precede a move in the other direction. boots