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Re: basserdan post# 362320

Thursday, 02/24/2005 7:08:02 PM

Thursday, February 24, 2005 7:08:02 PM

Post# of 704019
DROOY - tried to exit my position today at $1.44. Watched the ticker go to $1.45 at about 6:32am PST. Brokerage looking into the lack of trade. Is that stock a BB? If so, they say they can't "force the trade".
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May I ask how that worked out? It looked to me as tho you should be entitled to a fill as it wasn't 'hit' on the opening bell....

Ameritrade's charts show it touched 1.45 at the opening as well as 9:34 and 9:36....
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Dan, they responded."We challenged the trade for you and unfortunately we were unable to get an execution. The National Best Bid Offer (BBO) never got up to your price and therefore they are not requried to execute your trade. They did not have a buyer at your price. "

So, I guess not all trades are BBO's. I saw a trade go off higher than my asking price while my limit sell order was active. This will be an expensive lesson as I waited for their determination while the price dropped. I knew if I sold the shares, they wouldn't validate the earlier trade. Live and learn.



Think or thwim

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