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Technology Stocks : Quarterdeck: Making a Striking Comeback! -- Ignore unavailable to you. Want to Upgrade?

To: charles moore who wrote (2776)	4/27/1998 11:40:00 AM
From: James Mitchell	Read Replies (1) \| Respond to of 3307

Charles, not an expert, but here goes: There is some guy on the floor who gets your 2000 share buy at market. He's got to match your buy to sells as they come up to execute all orders as quickly as possible. Maybe there's a 2000 sell in front of him, maybe not, so he has to fill it any way he can, hence the 500 share fills. Now this is important-there never is a real good reason to buy or sell with a market order. That is why you got the other two 500 share orders filled at a lower price (I guess lucky for you!) If you had used a limit order at 2 (or whatever), while you might not have gotten the shares, if you did get them, you could have requested them alll at the price you wanted. You could also have requested "all or none," I think meaning that the order doesn't get filled unless they can do all your shares at once. However, since that's not a limit on the price, you could have gotten all your shares higher than you wanted. Anybody feel free to correct me on any of this since I am a trading bonehead.

To: charles moore who wrote (2776)	4/27/1998 11:48:00 AM
From: Holyman	Read Replies (1) \| Respond to of 3307

"Will somebody explain the significance of something to me about a trade?I checked the Chart for QDEK on Worden TC2000 Friday and thought it looked good. I put in an order for 3000 before the Market open at Market and it went right through at 3000@2. I put in another order for 2000 at Market and the order was filled in about 3 minute Intervals as follows: 1000 @ 1 13/16 then 500@ 1 25/32 then 500 @ 1 13/16. Why did the order need to be filled three times before I got the 2000 shares?" This usually happens when the market is busy and/or when the stock price fluctuates in a volatile manner. It also depends on the brokerage firms. I am using eSchwab and Waterhouse and only once in a while did I get partial fill order status. Good firms usually execute orders fast. Waterhouse, although execute orders fast, does not return your order status as fast as eSchwab. Hope this help. God Bless