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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: K_28e who wrote (4045)	2/2/1999 10:23:00 AM
From: Aaron Lee	Read Replies (5) \| Respond to of 11130

let me tell you guys my horror story this morning i'm on suretrade on friday i placed an order for 1000 shares at 8 it was a market order then i tried to cancel it did'nt think the cancel would work sure enough the execution page came back "order cancelled" checked my executions page and positions and didn't own it . . . THEN . . . HAHAHA (evil laugh) come monday everything fine in the morning go to work . . . come back online before closing bell and . . . HAHAHA 1000 shares in execution page for 8 i check the stock its below 6 :( i called suretrade and they said a market order is executed in seconds. he could'nt explain the "order cancelled" or why the delay in the execution screen . . . sold at 5 7/8 the moral to my story learn from my mistakes people never cancel market orders never use suretrade

To: K_28e who wrote (4045)	2/2/1999 5:02:00 PM
From: Kimberly Lee	Read Replies (2) \| Respond to of 11130

thanks, K 28e. Most of the time, in the middle of furious trading activities, I rely heavily on my intuition. Early this afternoon when LA and I were looking at NTFY when it was around 5 1/2 to 5 3/4. I took a look at the intraday chart and briefly glanced through the story, but what convinced me the most was the ticker similarity with another one of our very favorite stocks, NTXY. I jumped in NTFY at that area (mostly 5 5/8) before doing more research. About 15 minutes later, I think the stock was still range bound around that area, but I finally had a chance to take a brief look at the tape, level 2,3 and the ECN books. I like what I saw but felt a little embarrassed that I had done practically no dds on it prior to taking a sizable position <ggg>