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At 09:41 PM 7/7/97 -0500, craig kelley wrote:
>> If someone else has more recent info ....
>Peter: thats is correct, i had that happen with LU a while back on a
>market order 10 minuates after the open. 45 minuates later i get filled,
>this is an issue that averages 160million shares a day, first time it
>has happened too, i shorted it alot untill then , now i use a limit
>order, takes precedence over market orders, craig
>
Is the 'limit order takes precedence over market orders' a general
market truism? While I don't have absolute data to prove so, it seems that
my personal experience is otherwise. Then again, it could be that I didn't
use a real-time quote.
Eric Vanhove
evohnave@xxxxxxxx
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