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To: Sarmad Y. Hermiz who wrote (46037)3/16/1999 3:50:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Gee, I hope that it does not hit my buy pending order of $131. It's dropping again.



To: Sarmad Y. Hermiz who wrote (46037)3/16/1999 5:09:00 PM
From: HG  Read Replies (1) | Respond to of 164684
 
<<< For options, I think the posted prices are misleading.>>>

This was re: options - I kicked up a row with schwab.

I offered the ask price. The trade order was not executed for 9 minutes while bid ask remained the same. Then I offered MORE than the ask price. The trade order still was not executed for another 9 minutes. The market moved down and I cancelled/changed the order. I received cancel confirmation and then I entered the new (lower) bid. Viola, someone decided that the higher (cancelled) order was now due for execution after 18 minutes...

And this was not even a fast moving market !