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Sentinel

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Re: to_profit post# 7762

Wednesday, 03/14/2007 9:42:10 PM

Wednesday, March 14, 2007 9:42:10 PM

Post# of 37012
It was probably rejected because brokerages try to protect people from making errors in placing orders for buying and selling stocks. Thus they have a certain "range" they will accept orders for. If your entered price falls outside that range, they reject it. You may be annoyed now, but just think how annoyed you'd be if they let you buy a .05 stock at .50 because of a transposition error, and have to make you pay ten times the price you intended! Imagine owing $20K instead of $2K to them for that kind of mistake. It's not a bad policy.

Who is this Time Being, and why are we always doing things for it?

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