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


To: Tevyah who wrote (143)12/26/1998 6:31:00 PM
From: Patric  Read Replies (1) | Respond to of 987
 
Hi, Ken,
That wasn't me complaining. I think it was Craig. I bought most of my shares on Wed. @ 6 1/4, and some more just after the open @, if remember, 7 3/8. Worked out well for me. I'm still holding (thought about day-trading 1/2 of my shares but I an way out of my comfort zone day-trading so I couldn't pull the trigger @ 18). I'm a walking contrarian indicator most of the time, so I kind of hate to say this, but I expect a pretty good gap up on Monday.
Happy trading!
#B~}>



To: Tevyah who wrote (143)12/26/1998 6:54:00 PM
From: Craig Rogers  Read Replies (1) | Respond to of 987
 
How I understand it is that market orders always get filled first then limit orders. So if the price moves on the market orders the limits sit there till the price hits the limit again.

When a stock is moving as quickly as SKYM was how can you expect a limit to be executed?
I think the problem is the small float.

When the stock price is really moving there are too many sellers or buyers at the time in queue.

All I know is that I sold it at 12 1/4 and it got filled at 9 1/2.

So you are saying if I said sell it at 12 I would have got my price.

I doubt it.
I think that they can hold a market order up to three minutes if they want to. That really sucks!

Craig



To: Tevyah who wrote (143)12/27/1998 5:20:00 AM
From: Tony van Werkhooven  Respond to of 987
 
Ken- you commented:I stongly feel that if I had gone in with a "limit of 7" that I would never have been filled.

I put in a limit at 6 3/4, which I changed to 7 as the asked moved up pre-open. I was filled at the open.

Tony