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To: mike machi who wrote (469)3/16/1999 10:35:00 AM
From: Ms. X  Respond to of 1197
 
I don't know much about that stuff but definitely you should consider moving your account.
I know that people like the low trade costs but it seems costly to me, in some cases, in the long run.
I'm usre someone out there can help you.



To: mike machi who wrote (469)3/16/1999 10:41:00 AM
From: Retired@35  Read Replies (1) | Respond to of 1197
 
Mike...

Am I missing something or did you say your stop sell at 25 was NOT executed. Bully for you, the things at 29....sounds like you MADE 4 pts.



To: mike machi who wrote (469)3/16/1999 10:50:00 AM
From: Don Pueblo  Read Replies (1) | Respond to of 1197
 
The firm may have done nothing wrong. You are not the only person that missed an execution at a limit order. It happens all the time. If, for example, you order was behind another 20,000 shares (at whatever lower price), and the stock traded less than that below your limit, (moving fast) it is possible you just missed it. Unfortunately, you will probably never know what actually occurred.

Could you have gotten filled for sure using another method of entering your trade? Probably, if you were flexible on your entry price and very nimble with your mouse or telephone. If you want to try and ensure that you don't miss these things, the only two ways I know of are to have a full service broker on the phone who can get the instant execution, or try opening an account with somebody that has Level Two capability, such as abwatley.com

And even then, you can miss the trade. It happens all the time.

(and no, I don't have an account with watley)