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Just a possible explanation:
I think that the important issue, if your price is NOT penetrated, is
that there
are a limited number of trades that can occur at that price. I'm not
sure how
priority is established, but there is a very good chance that your order
was/is
NOT the most important. So, to answer your question...it could very
well be a
toss-up as to whether or not you get filled if the market never
penetrates the
price.
Jay Becker
Michael Stewart wrote:
> Say theres no "fast market" and you have a limit order and the market
trades
> twice at your figure - would you expect to be filled or would you
expect the
> market to trade through your figure?
>
> And if the market trades through your figure and your still not filled
what
> would/could you do about it?
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