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good till cancel otherwise all your orders
get deleted after the last minute of trading
---- On Nov 30 Sigstroker@xxxxxxx wrote:
> Did you re-enter your limit order today? If I remember, all limit orders at
> Datek are for the day only.
>
> In a message dated 11/30/98 9:33:11 PM, hacker@xxxxxxxxxxxxxxx writes:
>
> > Speaking of fills, it lloks like Datek screwed me today by holding my
> > order when they should have executed it. I entered a limit order Friday
> > to sell shares of Egghead Software at $31 1/2 / share. Egghead closed at
> > a hair under that price and I was anticipating a spike up in the morning.
> >
> > Well come Monday I got my spike upwards as Egghead soared to $40 / share,
> > however my limit order never executed even though my limit price had been
> > exceeded by 9 whole points! Egghead traded around $38 / share for a full
> > half hour before plummeting to $25 / share and I never got my fill!
> >
> > Worse, a friend of mine who trades with E-Trade says he experienced the
> > same problem with Egghead in his account this morning.
> >
> > So are the brokerage firms holding our orders and not executing them as we
> > have directed? Isn't this illegal? Are there other explanations for
> > this? If not, I'm going to directthe SEC to look into the matter.
> >
> > - Hacker
> >
>
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