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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (991)	4/21/1998 9:51:00 PM
From: Steve Warkentin	Read Replies (1) \| Respond to of 2120

"Sure they will take your stock at the limit. They consider that a quality execution. Yet if the stock is jumping higher and you could setup a system to protect the order at 7, all the while letting it move higher, trying for 7 1/8, 7 ª, that is working an order." This is interesting, today I made 2 trades with DLJ...I successfully and very quickly bought at the bid and sold at the ask(diffrent stocks)...however they were moving in that direction anyway. A market order would not have been good. Question: can u see where the stock is heading very quickly and advise what kind of execution is best? Thanks