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To: Jon Tara who wrote (6765)2/11/1998 8:08:00 AM
From: Craig  Respond to of 16892
 
Thank you for your explanation. It cleared up a misunderstanding I had about what kind of representation I should be receiving. I am not all that familiar with ISLD and up till yesterday I have been very successful getting prices near or at the bid. Pure Luck I guess.



To: Jon Tara who wrote (6765)2/11/1998 10:15:00 AM
From: Scott Pedigo  Read Replies (1) | Respond to of 16892
 
Lesson is that the only guarantee you have is that the bid
can't drop below yours without your buy order being executed,
and can't rise above your offer without your sell order being
executed.


Thanks for the great explanation to Craig. Now try this...

I put in a limit buy order for 200 BROD at 21 5/8 several hours
before the market opened. After the open, some stock apparently
changed hands at 21 1/2, because this is listed as the low of
the day, then the price jumped up into the 22+ range. I never got
filled.

BROD trades on the NASDAQ, and I know from previous posts by
DATEK that sometimes they are unable to fill what is obstensibly
a marketable order on the NASDAQ because they have to send the
order to various MM one at a time. Is this what happened to me?

Or is there some other reason I would not have gotten filled?