Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (5418)	10/7/1998 3:36:00 PM
From: steve goldman	Respond to of 12617

Bankrupt...havent heard. I called their firm as I knew a person who worked there and there is an answering machine that says, essentially, their OB and to call Bear Stearns. The Bear Stearns phone number has been busy all day. I figured there must be a lot of clients who cant get through to anyone to do their business. The phone at Bear has been busy all day. If anyone knows any brokers or traders or clients from PT Discounts, please refer them our way. With 22 years under our belts, we'd be a good place for them. Regards, Steve@yamner.com

To: TFF who wrote (5418)	10/7/1998 8:41:00 PM
From: Eric P	Read Replies (1) \| Respond to of 12617

I have a question that I hope someone can help me with concerning SOES trades. Yes, I know, SOES is not very useful anymore and daytraders are using it less and less. However, there are times when a SOES order seems like the best alternative available. Recently, I have had a similar problem twice with SOES market orders when trying to close out a position. In both case, I have received a SOES market fill at a price BELOW the inside bid price. For example, assume a stock is trading at 50 1/2 by 5/8. You place a SOES market order. No immediate fill. The price drops to 7/16 by 1/2. No fill. Price drops to 3/8 by 1/2. You receive a fill now at 50 1/4. Price remains at 3/8 by 1/2 for 15 more seconds, then drops to 50 1/4 by 3/8. My question: How can you be filled at a price that is worse than the inside bid/ask? I can understand not begin filled at all. But I don't understand getting filled at a price that is worse than the inside bid/ask. Note: I get PC Quote satellite datafeed which has never had any problems begin delayed. In addition, in these two cases, the stock did not go down to my fill price for an instant, fill me, and then jump back up. Instead, I got filled at a price BEFORE the inside bid/ask reached that price. Am I being screwed? -Eric