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Technology Stocks : ITURF Inc. ( NASDAQ:TURF ) -- Ignore unavailable to you. Want to Upgrade?


To: Big Dog who wrote (55)4/8/1999 9:08:00 PM
From: Don Pueblo  Respond to of 614
 
Yeah. Unless you have real time quotes, Level 2, and have done this about 20 times before, just send me the money that you are planning on spending, and I'll hold it for you till Tuesday or Wednesday and then give it back to you.

You think I'm joking. I'm not.



To: Big Dog who wrote (55)4/8/1999 9:14:00 PM
From: Nandu  Read Replies (1) | Respond to of 614
 
Darell, a limit order is not a good idea. Neither is a market order placed in advance. If you really want to buy it in the open market tomorrow, best bet is to track the stock on a realtime quote system after it opens and then place a market order when it seems to have found a bottom. You need a broker who will execute that order fast, though.

The reason is that under "fast market conditions" orders have priority over limit orders. Your limit order may not get filled even if the stock trades below that price. Opening day of an IPO is "fast market conditions".

My advice though is to not buy tomorrow. Wait a couple of days to see what kind of range it establishes. it is not going to shoot straight up from the opening day.

EDIT. Yeah. TLC is not joking.