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Manti

07/12/03 11:44 PM

#1245 RE: stakddek #1244

Stakddek; As a general rule, I'd recommend NOT using AON orders unless you're trading a very thinly traded stock and trying to buy on the bid. AON are more work for the MM, so they tend to fill them LAST, and only if the market moves AGAINST YOU, because if it turns the other way before your order is filled, they're going to keep the shares they've accumulated and sell them for more to a higher bidder. If you don't put any restrictions on the order, it'll be filled by normal flow, and a partial fill is better than NONE when the price turns UP. You can always raise your bid to complete the fill without incurring extra charges.