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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/
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