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Re: Willy post# 25608

Saturday, 06/08/2013 10:50:28 AM

Saturday, June 08, 2013 10:50:28 AM

Post# of 45504
you can get around that by setting your limit sell order below the current bid. so the joker with the 4 million could have set the limit at .01 and it would have hit every bid higher than .0099 till it sold all 4 million. make sense?

i think schawb even has a warning on the confirmation screen, something like "the limit price you set is below the current ask, this will be entered as a market order" even though they dont allow "market" orders on OTC stocks.