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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: Jay Fisk who wrote (2194)	3/28/1999 2:18:00 AM
From: kaz	Respond to of 3216

Hi Jay. Actually, if the market was falling rapidly you might have the scenario where your order would be half filled and then YOU would become the best ask if there were no bids at all at your price. If the market is staying at one price level it is easier to lock the market if you want more shares than are available on ISLD. If the market is moving, your order is more likely to be left unfilled unless you do what JDTrader suggests, bidding high or asking low. I don't have access to the ISLD book, so I don't see anything except the best bid and ask. Still, I generally don't have a problem getting filled unless I've waited too long. Believe me, it'll happen to you a few times and then you'll start to sense when you should be getting out. Wish I could help with your other question. FWIW, I've placed orders down to 1/256th with a regular browser-based broker. I see no reason why you couldn't do this with a direct entry broker. Bear in mind that any change smaller than 1/16th will not show on ISLD. So, you might get filled if someone hit your price, they'd just get a nice little (unexpected) price improvement. Regards, Paul Kaz