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M_T_Pockets

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M_T_Pockets

Re: odega post# 53588

Monday, 08/20/2012 12:52:25 PM

Monday, August 20, 2012 12:52:25 PM

Post# of 67010
Hey, Odega!
Here is the way I understand the price situation you describe.
The broker you use, (Etrade, Scott, etc.) has a responsibility to their clients to get the best price possible for them, when buying, no matter your offered price. So if they see .00015, they have the responsibility to buy the requested number of shares at the lower price even if you put in a market .
Believe me, the Market Makers would take your money if they could, but the brokerage side of the industry is representing you, their client, and the benefit should be passed on to you.

Hope that explains it.
$CGFIA

Don't take my word for it, Do your own research! Then you will know it's true!

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