Don's Openings and More for 2006

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Quote from sucre_estave:

In both cases they traded through my short order with the opening print. I know that shorts are the lowest priority, but I should have been filled if I offered a better price than the opening print. The order was in prior to 9:28, so that wasn't an issue.
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They may not have traded through. Since you can't short on a downtick, the specialist considers your order entered at the lowest uptick price. Did the open trade through that?
 
Quote from sucre_estave:

In both cases they traded through my short order with the opening print. I know that shorts are the lowest priority, but I should have been filled if I offered a better price than the opening print. The order was in prior to 9:28, so that wasn't an issue.
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in the case of GPS the stock opened well below yesterdays close... it doesn't matter what price you put in, it's going to be re-priced... (so there won't be an illegal short...) ever noticed those enormous offers on the NYOB in the morning? Those orders are all re-priced...

at least on UPS there was a chance you could have been filled at the opening price...

mnx
 
Quote from mnx:

in the case of GPS the stock opened well below yesterdays close... it doesn't matter what price you put in, it's going to be re-priced... (so there won't be an illegal short...) ever noticed those enormous offers on the NYOB in the morning? Those orders are all re-priced...

at least on UPS there was a chance you could have been filled at the opening price...

mnx
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Sorry, should have looked at your stocks.

GPS: opened on a flat tick, but closed Monday on a downtick. No fill for you.

EDIT:
UPS: opened up 1 tick. There's no way it could have traded through you. "Orders ahead" excuse sticks.
 
Quote from Shreddog:

They may not have traded through. Since you can't short on a downtick, the specialist considers your order entered at the lowest uptick price. Did the open trade through that?
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Both opened a penny above the prior close, so it makes sense now that I didn't get filled. I didn't look at the price closely enough until I read your post, I just noted that they opened up and through my offer. I feel less irritated now, thanks Shreddog.
 
Quote from Don Bright:

Can you cut and paste your order for me, and let me know who you clear with, I canhave both orders checked by Goldman for you.

Don
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Thanks, Don. I sent the info to your PM box. They'll probably get the same answer but anything is worth a try.
 
b/e on 1000 short mer

hpq 500 shares +.26 and I'm just going to try and hang on to the other 500 with a stop at 32.88, so I should be up at least $250 or so.
 
Quote from comfut:

b/e on 1000 short mer

hpq 500 shares +.26 and I'm just going to try and hang on to the other 500 with a stop at 32.88, so I should be up at least $250 or so.
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moving stop up to 33.29, just below a big buy order. let's see how bad they kill me if I get stopped out. :)

worst case, I should still be up $450 or so.
 
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