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Re: Investors Apprentice post# 2960

Monday, 06/18/2007 9:31:14 PM

Monday, June 18, 2007 9:31:14 PM

Post# of 38908
"Well if the buyer used a limit order (even placed at .0009) to buy WNSH, then the sale certainly should have executed at the best price the market had available, which would have been .0001."

I'm not so sure of that. Seen lots of traders fess up to leaving out a 0 in their limit order, i.e. buying accidentally at .002, instead of .0002 that they were trying to enter. I'm sure I'll be guilty of it someday too! :)
Point being, these poor traders weren't given the "best price the market had available", they were given the price they had typed in as a limit. And needless to say, their orders went thru QUICK! lol
So, it SEEMS the trade was a buy (green on L2). Who knows, coulda been a rookie trying to buy at .00009, and forgot a zero in his futile attempt at buying... But what do I know... I was hoping for a PR too! lol