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

To: Len who wrote (8463)5/6/1998 1:44:00 PM
From: LTBH  Respond to of 16892
 
Yep, thanks.

Netrom



To: Len who wrote (8463)5/6/1998 9:55:00 PM
From: LTBH  Read Replies (2) | Respond to of 16892
 
Help From All on Partial Fills

Futher Clarification. Len, if I understand your explanations correctly then: I get a partial fill at 11:46 and have 200 left, I watch for 4 hours as over 40K shares trade at my price and this is legit because Datek didn't have any buys from their accounts at this price AND the rest of the market CHOSE not to buy from ISLD.

If my understanding is correct:

1) How often can/does this occur?

2) What prevents my order still being open when the bid goes ABOVE my sell price?

3) Is there any way to prevent this?

Networm



To: Len who wrote (8463)5/6/1998 11:44:00 PM
From: doniam  Read Replies (1) | Respond to of 16892
 
Len, Today I was caught in the dreaded partial fill.
I placed an order at 9:36 to buy 500 ADSP @ 9 13/16 limit (to cover a short), The stock traded there and after a while the bid moved up and I believe stayed above my bid for the balance of the day.
Low and behold after the close DATEK reports I bought 25 shares at
16:03:50
Does this sound right? I feel had!

-Don


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