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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? -- Ignore unavailable to you. Want to Upgrade?

To: zhaolen who wrote (316)	12/1/1998 2:58:00 AM
From: Gil Gilbertson	Respond to of 1196

"Quit playing with fire... until you know what your doing, just (paper trade) and see how you make out. gil

To: zhaolen who wrote (316)	12/1/1998 9:48:00 AM
From: freeus	Respond to of 1196

Limit order: You put a price on your stock. You will only sell at that price Market order: You will sell it at when your order comes up for execution, no matter what the price Stop Loss order: you want out when the stock reaches that price: if the stock is going down and it reaches your "stop loss" price it becomes a market order and joins the line of market orders. Market orders always are filled first. But it sounds like your orders were not treated as market orders when they reached your price, or else your company (Datek? I'm not entirely surprised) was not executing fast enough or had too many orders for their staff and yours got filled later. Usually Datek is fast, but when they are not they can cause the kind of slaughter that just happened to you. Chalk it up to experience. Make sure you have a core of DELL, Microsoft, etc. Then make a summary of your trades and analyze. If you persist you will learn and you will make money. I lost at the beginning of my experiences too and would not be surprised to still lose some now and then. Best wishes and good luck to you Freeus

To: zhaolen who wrote (316)	12/1/1998 2:16:00 PM
From: Grant	Read Replies (2) \| Respond to of 1196

zhaolen, Have used Datek for the past year. They are slow, but with a limit order you are standing behind all other limit orders at the same price in front of you and all limits are behind all markets. I used Suretrade to buy and sell BAMM, they are quicker but probs with canceling limit orders ( they execute even if canceled unless you call or email). Datek still the best (IMHO) because they let you know exactly where you stand after each trade. Streamer is very useful, but you might try www.mytrack.com (inexpensive and reliable) also www.medved.com ( the absolute cheapest real time with great charts)for real time quotes. Can email you with sites useful in trading I've found if you like. Best of Luck, Grant