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Technology Stocks : SkyMall (SKYM) -- Ignore unavailable to you. Want to Upgrade?

To: Craig Rogers who wrote (135)	12/26/1998 4:13:00 PM
From: Patric	Respond to of 987

Craig, It may not be your broker's fault. With this small float and the extreme volatility we saw on Thursday, the broker may just not have been able to find a buyer when the price backed off from the first high of 14. If I recall the price dropped from 14 to 8-ish in a matter of minutes, literally. For what it's worth, I had a similar experience, but to my benefit, on the Monday after Thanksgiving, when BAMM dropped. Thought there was some juice left there so I placed a market offer to buy when it was at around 35. It executed at 26, within a few minutes, and this was with a broker that normally executes very quickly. (Being as nimble as a hippo, I did not recognize what was going on and didn't sell on the dead-cat bounce to the low 30's, but I could have come out with about a 30% gain, and my loss was, in any case, less as a result). #B~}>

To: Craig Rogers who wrote (135)	12/26/1998 4:25:00 PM
From: klinetime	Read Replies (1) \| Respond to of 987

Use waterhouse web broker and put in limit orders. Never put in market orders on volatile stocks. When I do call a broker direct I ask him to fill at the specified price and wait for him to fill while I stay on the phone. Market orders are dangerous especially on these kind of stocks. Did you here about the poor bastard that bought 5000 of the globe at market at the open and he filled around 80. The ipo price was 14 or there about. Market orders to buy or sell is like playing russian roulette. good luck in the future.

To: Craig Rogers who wrote (135)	12/27/1998 9:28:00 PM
From: Hubert Few	Respond to of 987

RE: brokers....for all of the "horror stories" you might hear about e-trade, I have mostly had very good results with them. I was in and out of SKYM both on market orders, and both went through in less than 30 seconds, and at the posted real-time prices. This seems to be the norm from my experience. The website does get awfully slow though at times (even though they now have 2 different sites) Market orders on something that is moving that fast is sure a nail biter, rarely do I put in market orders! I did have a strange thing happen a couple of weeks ago though....they filled an order twice and posted it as being on margin. I don't have a margin account, and the percentage was way over what they would be able to do according to the SEC rules. No harm done, I made money on it, but what if I had lost money? It clearly was their mistake though. I'm still waiting to see how it is going to be accounted for on my tax statement....the money had to come from somewhere, and I didn't ask for a margin loan! Oh well.....all in a day at the fair I suppose!