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To: De Peepster who wrote (1863)1/24/1999 8:36:00 AM
From: denis j murphy  Respond to of 5300
 
Anybody remember the old saying"Buy on rumor sell on fact"? Iam still long on WCTI.Good luck to all. murph.



To: De Peepster who wrote (1863)1/24/1999 9:57:00 AM
From: Rob29  Respond to of 5300
 
<<< A Limit Order is an order to buy or sell a security at a specific price or better. For buy orders, the limit price is placed at or below the current ask price. >>>

Another use of a limit order when buying is create a market order with a cap. By setting the limit above the current ask price your order should go through right away provided enough shares exist below your limit. You will receive the best market price which should be less than your limit. I use this when buying from an IRA account if I am worried about running out of funds.

Regards,
Rob



To: De Peepster who wrote (1863)1/24/1999 10:37:00 AM
From: Daniel Miller  Respond to of 5300
 
lol I think it may have to do with peeping.



To: De Peepster who wrote (1863)1/24/1999 11:05:00 AM
From: Ed Silverstein  Respond to of 5300
 
Very well stated! :o)

Edster



To: De Peepster who wrote (1863)1/24/1999 6:23:00 PM
From: Tom R.  Read Replies (2) | Respond to of 5300
 
Hey Peepster, thanks for the info!! That helped clear things up a bit. But let me ask you this... So then I guess I would want a sell limit order and not a stop order, correct? What if the price of a stock gaps down below my sell limit price at the opening bell?? Does me sell limit order trigger at the opening price, or does it wait for the price to try and rise and hit the limit price? What if it were never to rise?? Would I still own the stock? Thanks in advance Peepster! By the way, I ain't selling at all... Long to the end of the road!! Should be another great week ahead for all of us! Go WCTI!

Tom R.