Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: bluejeans who wrote (8181)	4/26/1998 2:32:00 PM
From: gbh	Read Replies (1) \| Respond to of 16892

Bob, you are able to buy at the bid when your "limit" order to buy becomes the best bid AND a seller will sell you shares at that price AND the MM (be it Datek or any other) leaves your bid as the only one out there. If MMs move to the new higher bid that you have intitiated, you very rarely can buy at that price. Isn't it true that when you do get bid fills, the bid quickly moves to the lower level where it was before your best bid? I don't view this as a true bid fill, but instead a between the spread fill. If you are telling me that you consistently get filled when you put a limit order at the current bid, I remain incredulous.