Re: [CANSLIM] Tales from the trading pits

From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] Tales from the trading pits
Date: Thu, 4 Sep 2003 22:38:47 -0500

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Bob, don't understand.... your order was for 36.00 .... how could they =
buy it for you at price in excess of your limit.... didn't they do =
exactly as your order specified?  I'm not aware of orders that allow a   =
+/- =20

Gene
    From: Bob Hodes=20
    To: canslim@lists.xmission.com=20
    Sent: Thursday, September 04, 2003 8:00 PM
    Subject: [CANSLIM] Tales from the trading pits


    I am not able to trade during the work day so I usually use limit =
orders when I purchase a stock.  I don't like to give out a an order to =
buy a stock at the market price before the opening bell.  So today, I =
set a limit order to buy 150 shares of a stock (NASDAQ exchange) today =
at $36.00.  Around 11AM, the stock price declined from an opening price =
of 36.93 to 36.001 and the buy order was never executed. =20

    What do you make of my tale.  
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<DIV><FONT face=3D"Comic Sans MS">Bob, don't understand.... your order =
was=20
for&nbsp;36.00 .... how could they buy it for you at price in excess of =
your=20
limit.... didn't they do exactly as your order specified?&nbsp; I'm not =
aware of=20
orders that allow a &nbsp; +/-&nbsp;&nbsp;</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
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BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    <DIV=20
    style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
    <A title=3Drchodes@charter.net =
href=3D"mailto:rchodes@charter.net">Bob Hodes</A>=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, September 04, =
2003 8:00=20
    PM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Tales from =
the=20
    trading pits</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=3DArial size=3D2>I am not able to trade during the =
work day so I=20
    usually use limit orders when I purchase a stock.&nbsp; I don't like =
to give=20
    out a an order to buy a stock at the market price before the opening =

    bell.&nbsp; So today, I set a limit order to buy 150 shares of a =
stock=20
    (NASDAQ exchange) today at $36.00.&nbsp; Around 11AM, the stock =
price=20
    declined from an opening price of 36.93 to 36.001 and the buy order =
was=20
    never executed.&nbsp; </FONT></DIV>
    <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
    <DIV><FONT face=3DArial size=3D2>What do you make of my tale.&nbsp;=20
  </FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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