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


To: Jeff Jordan who wrote (38532)3/9/1998 1:02:00 PM
From: Greg h2o  Read Replies (1) | Respond to of 61433
 
Ask for a time stamp on your order. Also, keep in mind, many of these on-line brokerage services do trades off the major exchanges so they can get a bettere execution and net the difference. It amazes me that people actually believe they are getting executions for $12 (or whatever) a trade. They're getting screwed for a 1/8 to 1/2 point on every trade they do! That certainly adds up to far more than a more normal commission on a "good" trade.
greg



To: Jeff Jordan who wrote (38532)3/9/1998 4:08:00 PM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Closing prices of selected network stocks, Mon., 3/9/98:

ASND+ 34.62 -.44 34.62 b 34.69 a 28x10 66539 16:01 35.87 h 33.87 l *PAIR+ 20.06 +.38 20.06 b 20.12 a 3x10 26620 16:01 20.38 h 19.00 l *COMS+ 34.97 -.66 34.94 b 35.00 a 18x14 56948 16:01 35.75 h 34.62 l *CS- 13.62 +.00 13.56 b 13.75 a200x145 8434 16:02 13.94 h 13.56 l *CSCO+ 61.22 -3.16 61.19 b 61.25 a 73x10 101167 16:01 64.44 h 61.12 l *NN+ 23.56 -.63 23.44 b 23.69 a 51x12 5104 16:00 24.00 h 23.37 l *NT+ 54.25 -.25 54.19 b 54.25 a 57x50 5322 16:00 55.31 h 54.19 l *NETA- 64.72 -2.34 64.69 b 64.75 a 20x10 17728 16:00 67.25 h 64.50 l *TLAB- 56.63 -1.62 56.63 b 56.69 a 10x114 20763 16:01 58.25 h 56.56 l *SHVA- 11.87 -.13 11.87 b 12.00 a 10x15 4663 16:01 12.62 h 11.75 l *XIRC+ 11.75 -.63 11.75 b 11.87 a 2x10 1712 15:59 12.50 h 11.63 l *XYLN- 22.62 -1.19 22.62 b 22.81 a 10x4 5100 16:01 23.75 h 22.62 l FORE- 14.50 -.19 14.50 b 14.56 a 7x10 12512 16:01 15.12 h 14.44 l *BAY- 28.06 -1.50 28.06 b 28.12 a100x100 41921 16:01 30.87 h 28.06 l MRVC- 25.03 -1.03 25.00 b 25.06 a 12x27 5515 16:01 25.87 h 25.00 l *LU+ 107.31 -.63 107.25 b 107.38 a 10x10 19129 16:02 108.50 h 106.44 l MADGF+ 6.25 +.19 5.69 b 5.75 a 10x10 2352 15:59 6.25 h 5.50 l WSTL- 12.25 -.50 12.25 b 12.37 a 10x26 1753 16:00 13.00 h 12.25 l *QWST- 36.00 -.50 36.00 b 36.12 a 5x10 50411 16:01 37.62 h 35.69 l CIEN- 40.06 -2.09 40.06 b 40.12 a 10x10 16155 16:00 42.12 h 40.00 l NWX 304.90 -5.23 16:07 310.60 h 303.27 l



To: Jeff Jordan who wrote (38532)3/9/1998 9:55:00 PM
From: Bud Fox  Respond to of 61433
 
Jeff,

The same thing happened to me this morning. I trade with E-trade and usually get decent confirmation(1-10 minutes). I waited for over an hour for confirmation of a market order on AAPL before canceling. Later I got confirmation that I had filled at 24 3/16 shortly after placing the order. Guess what? AAPL dropped to 22 11/16.

E-trade's answer: Sorry, it's the MM's fault. How about we credit you with a free trade?
I couldn't cancel the trade, couldn't sell the stock when it began to slip at 24 1/4, couldn't use the money somewhere else!

Thanks E-trade.....