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To: Will Lyons who wrote (15874)11/20/1998 1:17:00 AM
From: Andrew Vance  Respond to of 17305
 
*AV*--very few firms do what you outlined. This is when a discounted full service broker comes in. I like online trading but I also have good deals at certain full service houses. Certain firms will do commissionless trades on market orders. I you schmooze the broker with good stock ideas and his customers prosper, he takes better care of you and gets his trader to look out for your best interests.

So, the OTC (NASDAQ) stocks that have trigger limits are at a broker where they make a market in the stock and have an in house trader that is willing to keep a watchful eye out for you. One hand washes the other. Now, I am told that if you have an online trading system such as mbTrader or Cybertrader (close to $300 month and $20 commissions), you are in control of your own destiny and can have alarms go off when limits are reached. You then pull the trigger yourself.

6 of one, half a dozen of the other.

Andrew