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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER! -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (919)	4/7/1999 11:32:00 PM
From: Jim	Respond to of 2045

OK - Pezz implied that he uses market orders both ways. I agree with you. I use limit orders all the time, except when I have to get out of a rapidly falling stock, and by the time I enter a price and the shares I "lock" the market, or miss the fill. Selling at market always seems to work. Good luck

To: Gary Korn who wrote (919)	4/8/1999 12:44:00 AM
From: pezz	Respond to of 2045

Gary I have always used market both ways. If you are willing to pay what the ask is at the time you hit the button market this will almost certainly get it for you. It has never failed for me. The only exception would be if in the two or three second interval between order and execution someone beats you to the punch and takes all that is offered, bumping you up to the next offered price.Since you have indicated that you sometimes are willing to chase a stock up this might be an acceptable risk. Of course if the limit works as well and gives you the protection that you want then that's the way to go.BTW when you have used market to get out has it ever failed to get you the bid price that was offered at the time? If not the I don't see why there would be any difference when taking a position do you? I'll be interested to hear if the limit price works as fast as the two or three seconds as with market. pez