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To: Cosmo Kramer who wrote (14704)4/12/1998 4:27:00 PM
From: Zebra 365  Read Replies (1) | Respond to of 31646
 
<<Anyone? I have another silly question. If you place a limit order above the ask, say 12 3/8 and the market opens with the ask at say 12 1/4, will the order fill at the lower price?>>

A limit order of 12 3/8 means that you will pay 12 3/8 OR LESS. Your broker will "improve" your order and get it at the lower ask. Even discount brokers should do this.

Zebra



To: Cosmo Kramer who wrote (14704)4/12/1998 5:45:00 PM
From: JDN  Respond to of 31646
 
Dear Mark: Yes. JDN