Quote from Steve Tvardek: NX'ing SNDK??? Geez, you do realize that NX is for NYSE issues only, not Nasdaq. -------------------------------------------------------------------------------- LOL!!!!!! ======================================== Oh my!! ..... hmmm....too much Bailey's last nite, maybe.
Whoa, now...first off we teach our people to never use NX orders unless there is a 1 penny spread, and even then, why bother. By using NX, you are guaranteeing the widest spread shown. If you simply place a sell order below the bid, and you will notice "price improvement" half the time (or more) from the quoted bid. Limit orders are handled immediately by the "clerk" (assistant Specialist)...and market orders are held for execution only by the Specialist, who 'batches' orders from time to time and he determines pricing. For better entries and exits, I suggest limit orders without NX. The must give you the best price, no matter what (within your limit, of course). All the best, Don