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To: tonyt who wrote (34103)1/10/1999 5:17:00 PM
From: Jenne  Read Replies (5) | Respond to of 164684
 
Actually the order wasnt filled fast enough.. and after 3 minutes I cancelled and then it was 10-15 minutes later when the order overrode the cancel.. thats the complaint.. the cancell should have been engaged sooner...



To: tonyt who wrote (34103)1/10/1999 7:06:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
> How do you think it will behave on the way down?

There are many people who use market orders because they think they are cheaper -- in commissions. They pay more for the stock and think it is a bargain because this is what the brokers tell them -- and the on-line brokers are the worst offenders. People get used to market orders and they are a big factor helping to drive prices up, but on the way down they have the opposite -- driving prices down. Same with stops which get gunned, shorts that squeezed and margins that get called. 'Look out below'.