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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (10314)	3/13/1998 3:58:00 PM
From: Christopher Loe	Read Replies (1) \| Respond to of 13456

Tom, Read your post, for your information, I use Waterhouse Securities Web Broker. I am extremely happy with them. down time is very low, if it is down, you can place a trade over the phone for $45.00 up to 5,000 shares. Trading on the web is $12.00 up to 5,000 shares. Free 100 real time quotes for every trade you make. Zacks, charts & other services are included. My IRA's are with them as well at no fee. Any other questions, please ask. Best regards, Chris

To: tom pope who wrote (10314)	3/13/1998 5:41:00 PM
From: LK2	Read Replies (1) \| Respond to of 13456

*Trading Options* Tom, I don't know about index options, but on stock options, (to keep it simple), if you have the highest bid, that bid is supposed to be shown. Sometimes, though, it might not be shown immediately (even though it's supposed to be). A trade below your bid is not supposed to execute until your bid has been executed (but there is also some rule about the number of options in your order). The statement above applies to trades on a specific exchange. Some stocks have options that are traded on more than one exchange. In that case, you can have a bid at 3, and you might see trades at 2 7/8, but those should be taking place at an exchange that is separate from the one your order was sent to. To get nit-picky, there's also late reporting of trades, and probably a lot of other factors as well. Larry

To: tom pope who wrote (10314)	3/13/1998 6:37:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 13456

>>When you put in a bid at - to use my trade as an example - 10.75 for Apr OEX 510 puts, can trades take place under your bid? << Well nope.. >>Does the broker have to show your bid?<< Well nope.. >>I use e-schwab, and am barely happy with them. << Well nope dont have an account with them anymore.. they are fine with stock but with options they are extremely slow.. >>Do you have a good experience with whoever you use?<< Hmmm Yea I use ETrade, they helped get me in this tax loss write off situation for the next 30-40 years.. For some reason I think the entire web was wacked today. I got me some puts on neta for 1 1/4 yesterday. Today I wanted to sell it and first order was for 1 7/16, didnt take as ask was too high, changed it to 1 3/8..no go.. changed it to 1 1/4 didnt take so I said forget it and cancelled it.. no go.. Later on in the day I go hmm market tanking big time, maybe I can get rid of them damn puts since my calls are loosing a ton. Entered an order to sell them for 1 13/16, no go.. I go what??? I paid 1 1/4 when the stock was @ 71 1/4, You mean its not worth 1/2 more when the stocks @ 68 3/4? or down 2 1/2. A while later gets confirmation sold @ 2 1/16 when stocks down to 68 1/4. It was @ 68 1/4 20 or so mins after I entered a limi order which was priced as a market order and in this situaltion worked out, The other situation it didnt work out was when AMAT after earnings report hit 40 saw it coudnt break entered a price but took them too long to process the orider and missed, ended up selling @ 36, not bad and only 10 calls, lost some but hey. The other time was when WCOM hit 39 15/16 wanted to sell but missed cause it took too long to enter the order and sold @ 38. Oh heck was only 100 calls, 20k well its only money! >>Many thanks in advance.<< Sure pal, Can I borrow that gun you are wearing? Lets go broker hunting.. I smell snarl meat!