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This is possible however the documentation on Datek's site says that limit
orders marked as GTC remain until filled or canceled. I'll look into it
further.
- Hacker
On Tue, 1 Dec 1998, Robert W Cummings wrote:
> Its my understanding only stop orders are accepted for overnight in Nasdaq
> traded stocks that will except them. Eggs does but any limit order has to
> be place daily so from what your saying you had no order in there to be
> filled. You placed it Friday but didn't replace it again Monday so no
> order was there to be seen by the Eggs MM's. This is not a Datek rule but a
> Nasdaq one.
>
> Robert
>
> Dark Hacker wrote:
>
> >My order was GTC with a limit to sell at 31 1/2. The price had risen to
> >around $40 / share with no execution. I find it hard to believe that the
> >order book was so large or that there were so few buyers that this trade
> >could not be executed for 20 minutes above my limit price.
> >
> >Unless anyone can find a flaw in this reasoning, the SEC is gonna hear
> >about this.
> >
> >- Hacker
> >
> >
> >On Tue, 1 Dec 1998 hansi_klein@xxxxxxxxx wrote:
> >
> >>
> >> 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
> >> > >
> >> >
> >>
> >>
> >
> >---
> >Dark Hacker | Fortress Of Computation
> >hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
> >____________________________________________________________________
> >
> > "Building our future... one twisted freak at a time."
> >
> >
> >
>
---
Dark Hacker | Fortress Of Computation
hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
____________________________________________________________________
"Building our future... one twisted freak at a time."
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