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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: getgo234 who wrote (32904)2/2/1998 3:58:00 PM
From: Gary Korn  Respond to of 61433
 
I had an order in to sell 1000 shares of ASND @ 30 1/2 when you
posted the level 2 bids at 3:23 p.m. It would appear to me that
the order should have been filled given that there were a number
of bids at 30.5 or higher. Yet the order (all or none) was not filled. Would you please comment on the non execution of the order.


1. Where was the order routed (maybe not to the best MM).

2. Maybe the MM to which it was routed had more sell volume than it could satisfy.

Beyond that, I don't know.

Gary Korn



To: getgo234 who wrote (32904)2/2/1998 4:04:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 61433
 
getgo,

I told about not doing "all or none" orders, just place the limit you will have a much better chance of getting filled.

BTW- I see 30 13/16 on both of my realtime services for the high.



To: getgo234 who wrote (32904)2/2/1998 4:11:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 61433
 
Getgo,

If you have your order in at 30 1/2 and its all or none that means if it holds at that price for lets say 5min. your chances of getting filled are slim to none. But if it is a limit order "only" they make take 500 and the the rest later. Take it from a guy who does multi trades per day all or none rarely work.