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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (2997)10/21/1998 7:13:00 PM
From: Don Pueblo  Read Replies (1) | Respond to of 8307
 
Abnormal and lucky, yes. But to sell on the ask is not difficult. In this particular case, an order placed at the open to sell at 9 3/8 could have been executed. I say "could have" because one never knows for sure if the execution will actually occur. A day trader, like myself, can get fills on ISLD with regularity. If I had placed the above described order with ISLD, I might have been filled. I sell on the ask and buy on the bid quite often. The "problem" with this scenario is one does not know for sure if the stock will go higher once you are filled on your sell (or lower once you are filled on your buy). That happens a lot. You sell on the ask, then the ask goes higher, the bid goes higher, and your execution price is now the bid. I've been filled outside the market at times, using ISLD!