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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: bazooka who wrote (4391)	3/25/1999 8:52:00 PM
From: Mac Attack	Read Replies (2) \| Respond to of 4969

Never use a MKT. order unless your under desperate pressure to get out, take it for granted that your going to pay more or get less 90% of the time.

To: bazooka who wrote (4391)	3/26/1999 5:45:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 4969

For 2k, i wouldnt waste any time on it. Attorneys' fees and your efforts are not worth the 2k. But also, if the order was given to the NYSE, it is liekly that it was a good fill. I cant look at t/s on AOL, its too enormous. would take 1/2 hours to scroll back. but infact, you have stnading, THE WORST standing on a short listed market order. as the stock plunges and market sell order sor limit sells at lower levels move lower and lower, you essentially JOIN the next offer down where it wouldbe an uptick BEHIND all the offers ther. lets say is 119 1/4 x 119 1/2...printing at 1/4...you should be able to sell at 3/8..but lets say as spec is puttin book together someone comes with 5.16 limit to sell...1/4 x 5/16. your short is essentially a 5/16 limit to sell, yet you go behind the 5/16 offers. its not enough that you see prints at 5/16. it is an uptick, you can sell at that price or better BUT you need enoughbuying to fill your order. "stock ahead" is what happens if you get a few prints at 5/16 (all showing upticks on your screen) yet you dont get a fill because their was stock a head. a few things: and i'd get a freind to get you times and sales... 1. if lets say at any time it was 1/4 x 5/16 and 5/16 got taken out, went back to 3/8 (thats pretty strong case) and actually prints at 3/8 (you're due a fill). 2. maybe the order took a few minutes for them to process. 3. might have been fast market conditions, subject quotes, specialist not held to it, most interested in fills, not quotes...exchange condition 4. maybe your quotes are off a few minteus which happens near the bell on intenet quote providers. hope it helps. ask your broker for a t/s. post the relevant portions up here and we can discuss it. i just cant spend the 1/2 hours scrolling back on a stock that trdes a million shares every 1/2 hour. -steve