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Depends on conditions and order size. When an internet stock decides to
move, the bids/offers dry up and can move several points in less than a
minute. One author describes it as "the vapor trail". When things are
stable, the spread is usually pretty narrow, especially on the heavy volume
issues. In December AOL was trading at about 80 1/2. I put in a limit buy
at 80 1/8 on 500 shares thru Schwab. I got filled about 20 minutes later at
80. That's the only time that's happened to me on a limit order like that,
but it's not unusual to have positive slippage on market orders. It depends
on market conditions.
Kent
-----Original Message-----
From: Brian Massey <bnm03@xxxxxxx>
To: List, Omega <omega-list@xxxxxxxxxx>
Date: Monday, February 07, 2000 12:36 PM
Subject: NASDAQ Slippage...
What's average slippage for a market order in the big nasdaq? Seems higher
than $100.
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