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To: ild who wrote (198597)10/18/2002 3:52:18 PM
From: maceng2  Respond to of 436258
 
I never do market orders with options.

I never do market orders unless forced too i.e. on a high volume stock that is moving swiftly. I usually get my stock at the ask too, just have to be a little patient. Can't imagine ever doing a market order on options. Speaking of which, I some times see my little J6P order undercut by some guy ordering hundreds or thousands of contracts. Pricing on volume works on any product. Sometimes the option gods are kind and I get the reduced price too, others I later get whanged at my bid -g-

A good stock market crash scenario. The bottom is "in" on all sorts of good news. Much of it fabricated, but some of it real. Stocks show "V" like recovery and we quickly hit DOW 10k amongst all sorts of euphoria. Bears are blackened charred burnt toast. Then some cold reality kicks in like (all sorts of ideas here) property BK's show a sudden increase. Market looks good, maybe time to sell a little and lock in some profit. Trouble is... everyone is having the same idea. That would be the set up imho.