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Re: Chary post# 15628

Thursday, 04/13/2006 9:58:33 AM

Thursday, April 13, 2006 9:58:33 AM

Post# of 19037
Thanks. Funny one of the cell phone providers has TV on the cell and one of the stations is Bloomberg. I get Bloomberg TV at home - haven't got into the 24hr stuff. They seem to be more "headline" news style - less on the "shows" like say CNBC or Fox.

The problem on the ON STOP BUY orders is that (not 100% sure across all exchanges) people can put shit ass bid/asks.

So a stock closes at 30. There is a bid at $24.01 and ask at $35.50. When I place the ON STOP BUY order at say 30.25 with my discount broker they say (software) that I must place the order above the ask - which is $35.50. I cannot explain why so I am emailing them with a reasoning.

Then again I am aware (loosely) of different rules for different exchanges and one of them is Nasdaq.

B


"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)

"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.

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