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Non-Tech : Discover/Lombard Brokerage. -- Ignore unavailable to you. Want to Upgrade?


To: J_W who wrote (102)4/27/1999 3:44:00 PM
From: Nutty Buddy  Read Replies (1) | Respond to of 180
 
Does anybody other than myself have a problem translating the "View Orders"
screen after maker a change to a limit order?

In today's case, the original limit order to sell placed right away. After
15 minutes without a bite, I changed (lowered) the limit order. 40 minutes
after the change, I look at my open orders. My change order showed "pending".
At the top (above the bar), my original sell price is still showing, but with
the changed order time stamp (why?) with a "placed" status. Correct me if I'm
wrong, but I translate that as being the change never took effect.

Since I knew not what I was looking at, I cancelled the order completely.
I did not like the fact that my changed order was still showing pending
after 40 minutes. It may have just been one of those web update delays,
but I won't about to make another change until I understand what is happening.

Here is what the screen looked like at 11:40AM:

Change/ Apr 27,1999
Cancel 10:59AM 11111111 C Sell 5,000 XYZ L:4 1/2 Day Placed
_____________________________________________________________________________

Apr 27,1999
10:59AM 22222222 C Change 5,000 XYZ L:4 3/8 Day Pending

Apr 27,1999
10:43AM 11111111 C Sell 5,000 XYZ L:4 1/2 Day Placed

Buddy