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Pastimes : ETRADE Sucks! -- Ignore unavailable to you. Want to Upgrade?

To: Elmer Rauckman who wrote (2329)4/28/1999 8:47:00 PM
From: Diamond Jim  Respond to of 3262
 
I only said not necessarily, I meant on a volume situation. If they reimbursed you then they were probably trying to keep a customer. that's good to know. Safer way out is just a stop order.
If the stock were falling fast enough it could trade right through your limit price and you'd be left holding the bag.

Kind of like AMZN shareholders will be tomorrow.

jim



To: Elmer Rauckman who wrote (2329)4/29/1999 12:20:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 3262
 
If the stock only traded at 12 3/8 x 12 5/8 a limit order probably won't go. And even if the bid hit 12 1/2, your order comes AFTER all the market orders which the MM's hold at that point.

You would have to go back and look at the Time and Sales to see if you have a case.


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