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Re: The Rainmaker post# 12488

Saturday, 08/30/2008 8:20:39 PM

Saturday, August 30, 2008 8:20:39 PM

Post# of 45774
Maybe so. I'm new too pinks. I normally trade biotech / pharma stocks on the big boards which is apparently completely different. I honestly do appreciate your feedback. So will you help me understand this? Below is a message I got from an inquiry I made to a TDA. Sorry for the length. I'll have to look into subscribing so I can PM.

Your order was not filled because the ask price did not reach your limit price. All trades for pink sheet securities involve a market maker. Unlike listed or NASDAQ securities, securities that are quoted on the pink sheets require that you always buy from the market maker on the ask side and always sell to the market maker on the bid side.

Because you always buy on the ask side, a pink sheet security can trade at or below your buy limit and not trigger an execution of your order.

Conversely, because the bid must rise to your sell limit price, a pink sheet stock can trade at or above your sell limit and not execute your order.

As a result, you might see trades above and below your price, but still not be due an execution. In addition, please be aware that when you are trading pink sheet securities, "match" trades do not occur and there are no rules of reflection. This means that you can be traded through and still not be due an execution.

Market volatility, volume and system availability may delay account access and trade executions. Execution price, speed and liquidity are affected by many factors, including market volatility, size and type of order and available market centers.