posted
I purchased shares of SEPR stock @ market value 46.75. I do not understand this because it showed, at the time of purchase, that the price was 46.14. Am I supposed to buy at Limit? and not market value? Can somebody please explain this to me, this is my first time buying online and I am lost. Thank you everybody!
Posts: 369 | From: MN | Registered: Mar 2004
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posted
No, I purchased it for 46.75, however, the price at the time of purchase was 46.13, so I paid more.
Anyway,so when I do it by limit, I just specify a price that I want it at and then it will buy it at that price?? What happens if the price that I specify is never acheived? Thank you for all of the help guys!
posted
Then the buy will not go through. you can change your order if it seems to be rising above. If you place order between the bid and ask you should be fine.
At that price a penny is a penny.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
sounds like you dont know much about the stockmarket glf.. should buy a book or 2 on how to trade.. or find info on the internet about the basics of trading.. if you don't have a daytrading account then you are going through a broker and from time you place your order to time its fulfilled the price can go up (or down) ... the market doesnt stand still for someone's order to be fulfilled at the price they wanted.. anyways you can place a limit order specifing a price for buy or sell and when and if that price is hit it becomes a market order to be fulfilled... again the price can go up or down by time its fulfilled (even though its only seconds to complete it at times)...thats why if you have a daytrading account you are trading directly with the market makers (nasdaq) or specialists (NYSE/AMEX) instead of going through a broker to do it for you so you get a better price and faster fulfillment... if you need recommendations on books or sites just need to ask.. :-)
Posts: 4669 | Registered: Mar 2004
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