posted
Two days ago I put an order in thru my broker to get me 100 shares of a (pink sheet) stock at 27.00. Yesterday it traded at 26.60 and still I don't own it. Today, there are no trades that I am aware of. My order is in the system for 58 days. Why can't I buy it bidding forty cents over price? Please advise, I am new to this.
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posted
Go to the Canadian board and we'll walk you through it...
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helpneeder
unregistered
posted
Wow, um thanks, I guess. This is a foreign stock which is only available here on the pink sheets. I am not a day trader, I need this for my ira which I will not be using for probably 35 years. I will check out the canadian board like you said.
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posted
helpneeder, if you are not a day trader, swing trader, but a LONG TERM TRADER (notice the CAPS), then buy BLUE CHIP stocks. These are stocks that have been around and have a consistent long-term goal. These companies are not 'high flyers' but merely stocks with a proven financial book.
My suggestion would be to not place your money on a pink sheet stock if your going to hold it for 35 years.
Now for your question... I need more information on why the transaction was not placed. 1. Are there any restrictions on your account?
2. Were you trying to buy over 50,0000 shares? I know some web brokerage companies don't allow buy, sale, or stop transactions over 50,000 over the Internet.
3. Are you sure the company is a pink sheet, because most companies I'm aware of that are pink sheets trade below $0.10?
posted
That is solid advice---A few--very few--high risk ones thrown in is not bad--but they often have forced buyouts if they fly---i have had that happen before--I didn't want to sell but the rest of the shareholders did and my vote lost----that's the good side of the really long term winners--LOL
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