I've watched UPZS for weeks and it regularly goes from .06 to .08 or even .09.
I decided to buy 10000 shares at .065. I put a sell order in for .075. It's hit .08 several times in the past week since I've done this, but my .075 order never filled. Is this because it is too small number of shares?
Jo
Posted by BooDog on :
Just at a glance I would say it's due to the low volume. They may not want to give you your price yet. I'm not sure if a GTC order and a regular order has competition or not. Good luck!
Posted by T e x on :
imo your sell is too high to trigger the MM, desperation or patience prevails. There isn't much volotility here. The mm's will be selective. I have had success putting a sell in at the ask believe it or not which makes no sense (not with UPZS but with very low volumes). As long as it isn't an all or none you could get a partial. imo it is just who is watching and who is buying. frustrating eh? not sure how much the unsolicited plays a part Tex. With such low volumes it could be a "buyers market" not a sellers market.
Posted by T e x on :
Good read there Tex. SLJB when I was in it sure was a great example of how volatile an unsolicited stock can be. The article does help get a better understanding of how the price can be manipulated imo.
"Finding Unsolicited Stocks
The very first thing I look for when researching a pinksheet is whether the stock is unsolicited. It makes all the difference in the world. Here’s what I’ve noticed about unsolicited stocks:
a) Since it’s a retail-driven market, these stocks tend to have very volatile intraday swings during times of activity. b) In times of inactivity, these stocks have very low liquidity, sometimes trading little or no volume on rather severe spreads between the bid/ask. c) Generally, you’ll see less broker/dealers on the stock altogether. For passing-by traders, this is usually something that discourages them from investing."
cheers M8 - and a good add to the reference thread. I visit there often. Thanks for keeping it going!
Posted by Jo4321 on :
Thanks for the info and link. It sucks to be stuck in it. I'm going to try and get out for the price of my commission. We'll see if that works.
Jo
Posted by Jo4321 on :
Well, I got out, but they took it in two orders, one one day and one the next. So I had to pay two commissions and gained nothing.
First order taken was for only 219 shares at .068.