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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Ken98 who wrote (30940)	10/8/1998 9:45:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 94695

please post what they tell you it would seem you are due a fill... of course dont forget this they send the order to the main exchange for that option..and the quote you see may be for another exchange...

To: Ken98 who wrote (30940)	10/8/1998 9:55:00 PM
From: Darrin Vernier	Respond to of 94695

Ken, I've had interesting problems with Waterhouse. One of the most troubling is waiting five minutes while a short is "pending" broker review, then, as it becomes an open order, the order status screen goes down, and the fill info is unavailable. Nothing like putting on a "minute" trade in a fast market, then flying blind for 15 minutes. These days, that can easily mean 100 Dow points. And yes, I have entered orders above the ask that have not been filled. Not much more frustrating than putting in an overly generous bid, watching it trade at that price for minutes, on a high volume issue, and not being filled. Two things I will say in their favor, I've never had a problem borrowing ANY shares for short selling, and every cancel I've ever issued went through. But the online system can be dangerous, at the worst of times. And though I know there are probably better brokers, this is still a huge improvement over waiting on hold for 20 minutes only to have a 20 year old salesman waste our time questioning our trades... Darrin <Mike, same bitch with the same broker. Yesterday AND today I entered <limit put orders ABOVE the ask price that did not get filled. Both <orders would have been big pops if Waterhouse could have got <execution. I called tonight and all they could say was they would <look into it. Is this a problem with this broker? I have never had <this problem with my other account that I trade out of. Regards, Ken.

To: Ken98 who wrote (30940)	10/8/1998 11:08:00 PM
From: flickerful	Respond to of 94695

ken. when you saw a print above your limit, at the ask, ( i am assuming it was passed ) it is my understanding that this would have necessitated, as a prerequisite, that your order be filled...russell, gersh, countless others would know the actual rules, i am sure, but this is one type of trading with which i am rather familiar. their explanation is inadequate. flick