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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (5123)	7/8/1998 9:08:00 AM
From: Kevin M. Reilly	Respond to of 16960

// Stop limit orders do exist for nasdaq issues. Funny but my // ex-broker didnt know this either. Most of the time however it will // ignore the limit and you will be left holding, so its wise to // avoid putting the word 'limit' into the mix. My brokerage is Fidelity and they do not accept stop-limit orders on NASDAQ names only NYSE or ASE. By definition the acceptor of a stop-lmit cannot "ignore" it. You are guaranteed a fill at the next possible fill point wherever that may be. For a sell-stop limit it will be equal to or below your stop-limit price. // boy, with all the 'opinions' regarding market maker activity- // its surprising that you are uncertain about stop limit orders on // nasdaq stocks ?!?! I used to work for a large MM in NASDAQ names so my scenarios, while admittedly explained simply, are not "opinions".