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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Eric D. Moody who wrote (16068)	9/4/1998 10:55:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

f you enter a limit order with an online brokerage and the stock reaches your limit, is the broker obligated in any way to execute the order at that limit price. 1. If the limit price meets the Bid/Ask accordingly; not the trading price. 2 For Amzn, my experience has been that the limit price will have to be "hit" a few times according to the bid/ask...

To: Eric D. Moody who wrote (16068)	9/4/1998 11:02:00 AM
From: IceShark	Respond to of 164684

Eric, Only if you specify it that way. I forget the exact terminology, and I don't believe you can do it on AMEX stocks. A normal limit order becomes a market order once the stock trades at the limit price. And with stocks like AMZN the market price could be a couple bucks different by the time your order gets executed. You should also be aware that the broker enters your limit orders into the "system" for all to see, hence the term "running stops" where there is a temp movement to hit stop limits and trigger a bunch of orders (which then usually become market orders.) Neat way to make some money. -ng- Regards, IS

To: Eric D. Moody who wrote (16068)	9/4/1998 12:33:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

If you enter a limit order with an online brokerage and the stock reaches your limit, is the broker obligated in any way to execute the order at that limit price. Thanks in advance for your insight, Eric, Not really. It is possible there are other limit orders pending prior to yours. More often than not it is not a problem and if you are selling and the bid hits or sale price or buying and the ask hits your slae price, it will excute. If the bid or ask just touch those points momentarilly, you will not get filled if there are others before you. Glenn