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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (1956)12/9/1997 8:56:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 4969
 
I recently had a problem with a short-cover stop set at 37. The stock showed a daily high of 36 7/8, then E*Trade notified me that my stop had executed at 36 7/8. I queried it and their trading desk said the stock hit 37 shortly after the open so it was a "good fill".

I broke even on the deal but would have been a point ahead if I still held the position. Is it possible that the stock traded at 37 but that didn't show up in the regular data? Or does the bid just have to hit 37 for a short-cover stop to become a limit order?

Seems a bit fishy to me. Trying to learn from the experience, as always. Thanks.



To: steve goldman who wrote (1956)12/9/1997 8:24:00 PM
From: DTselentis  Read Replies (1) | Respond to of 4969
 
Steve,

APM is a supplier to WDC not a competitor--- I think something like 60 % of their sales are to WDC. Read Rite is a direct competitor to APM. Both supply components to the disk drive makers Western Digital,Seagate and Quantum.



To: steve goldman who wrote (1956)12/9/1997 9:03:00 PM
From: mikecat  Respond to of 4969
 
Thanks Steve,that makes sense. mikekat


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