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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (2849)	9/17/1998 2:27:00 PM
From: S. maltophilia	Respond to of 4634

<<Sorry. We cannot accept your order. Cannot short stock on a DownTick at bid price>> Haven't these clowns ever heard of a day order? I think you need another broker.

To: BDR who wrote (2849)	9/17/1998 2:41:00 PM
From: Ken Brown	Respond to of 4634

Today I have been trying to place first a limit short order at the bid and then a market short order Dale, If you want to enter a short order on Datek after a down tick, you'll have to enter it as a limit order, with a price above the last trade, or the bid, whichever is higher. Or something like that. :) Works for me. (Except when the price just dips below $5, in which case, you're SOL. Once it's marked NM you can't enter any short order for it.) Ken

To: BDR who wrote (2849)	9/17/1998 3:32:00 PM
From: Peter V	Read Replies (1) \| Respond to of 4634

You need to create an uptick by placing your limit order above the last price. The downtick won't change if you simply place the order at the bid. I usually split the bid and ask and place the order somewhere in the middle. My original problem was different, it was the error message for marginability. The customer service just gave me a BS answer to get me off the phone.

To: BDR who wrote (2849)	9/17/1998 9:03:00 PM
From: Cosmo Daisey	Read Replies (3) \| Respond to of 4634

Dale, Place a limit order between the bid and ask and your order becomes the new bid. Your order must be filled before the market can move on. Exmple: TRBD is posted 5.25 bid and 5.50 ask and the tic is down, place your limit order at 5.375 and you will see the bid updated to 5.375, your bid. The market cannot move forward until your bid which is now the best bid is satisfied. If your order is for 1000 shares you may get a partial fill and the rest is killed so just re-enter the remainder in the middle. cdaiseyPhD@market-research-Yale.edu