"Can anyone explain to me how the high of the day today is .0030 and I haven't sold a single share, even though I have a GTC sell order in at .0018 (and I allow partial orders) ?
Yesterday, same thing happened, price reached .0022 and mine just sat there with a GTC at .0020.
I lowered the GTC sell order this morning to .0018 just in case something was messed up on my end, and I come home to see the HOD is .0030 and current price is .0020. How did I not sell any at all?"
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It could be a lot of things but sometimes it has to do with a specific mm that a broker is working with.
I have had to call the broker many times over the years to ask that same question and sometimes i have had them switch the mm if possible and the order would go through.
My sell at 0017 didn't go though either.
-------------------- My opinion is only that. Posts: 384 | From: Colorado | Registered: Oct 2006
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quote:Originally posted by SoAngel: Can anyone explain to me how the high of the day today is .0030 and I haven't sold a single share, even though I have a GTC sell order in at .0018 (and I allow partial orders) ?
Yesterday, same thing happened, price reached .0022 and mine just sat there with a GTC at .0020.
I lowered the GTC sell order this morning to .0018 just in case something was messed up on my end, and I come home to see the HOD is .0030 and current price is .0020. How did I not sell any at all ?
call your broker, and be polite but very firm in explaining you want a full, thorough explanation. Please post what they say...
quote:Originally posted by T e x: call your broker, and be polite but very firm in explaining you want a full, thorough explanation. Please post what they say...
I can't tell 100% if you are being a little sarcastic here or not, but either way, I did call them this morning...
In a quick answer to make an easy post, she told me that it is a simple case of an MM doing a little profit taking. Of course, she went way out of her way to explain profit taking to me, and then went on to tell me that these low price stocks are risky and that things like this happen a little more frequently at these low levels
Oh well, maybe someday I can stop watching this one.
Posts: 681 | Registered: Feb 2008
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"I can't tell 100% if you are being a little sarcastic here or not, but either way, I did call them this morning...
In a quick answer to make an easy post, she told me that it is a simple case of an MM doing a little profit taking. Of course, she went way out of her way to explain profit taking to me, and then went on to tell me that these low price stocks are risky and that things like this happen a little more frequently at these low levels
Oh well, maybe someday I can stop watching this one."
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Interesting answer they gave you.
I had been wondering if the mm's have been buying and selling this stock on their own not letting investors get in or out much.
That appears to be what the broker is saying. I would think that would be illegal since they are running the bid and ask prices and accepting what they want.
I would have asked the broker to explain his statement a lot more in detail(which appears they did) and then asked if this practice is illegal especially since they represent the brokers who we invest through.
Not that the SEC. cares.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Well, I got tired of looking at this one and finally dumped today at .0007 for a pretty nasty loss. If any of you are still holding ... best of luck.
Posts: 681 | Registered: Feb 2008
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posted
I spoke to Chad today,still waiting on symblem change and then they can finish the 15c211.They are talking with private investors,company needs about $20,000 to do minor repair to 3 of the wells.There are 2 wells active ,pumping about 2-3 barrells a day.Just enough to break even.
Posts: 53 | From: North Carolina | Registered: Nov 2007
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