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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (266)	3/17/1999 6:57:00 PM
From: Wall Street Jr	Respond to of 10027

I normally place market orders. >>>1. You get burned really bad if you get caught in a fast market.<<< Or you get left out and miss the opportunity. You'll try to chase the stock and keep resetting your limit order to a higher price. NDB in general is not bad. I sometimes get a better price than what I think it should be. Confirmations come in pretty fast. Although I did get burned a couple points on my market order with NITE. >>>2. By setting a limit order, you guarantee yourself the price you want or lower. There's no guessing or wondering what price you get after the market order is confirmed, a 1/2 hour later if you're stuck in a hot internut rally.<<< See response on #1. Also, I read an article stating that either EGRP or AMTD will keep using NITE on market orders but will use another market maker on limit orders. So in your case, you are not contributing to NITE's earnings. Do you know the online or traditional brokers who use NITE as market maker?