Talk about having a bad day on Friday the 13th. Apparently, a guy placed a market order to buy 400 sh of QUIP, a thinly traded microcap (I don't know if it is a value micro but that is not the point of this story)
The stock was trading below $20/sh but the guy's order was filled at $950/sh. He paid $380,000 for $8000 worth of stock. I would sure hate to be him (or his stockbroker).
Moral of this story: Never, ever place a market order on aything other than a large cap, high volume stock.
Happy friday the 13th to all. I'm sure we'll all have a much better day than that poor soul!
