Investor Help (NO Ihub questions)

[PennyMann]

What is AON?

Your sell order would occur according to how you placed the sell order. If you said market sell then your broker/brokerage would try to sell (Ask) at the best price in the line of others (over simplified). If you placed a limit order at $35 then you'd have to wait for a buyer to be interested at $35 who places a limit buy (Bid) at $35 or market order and wait for that line to be dwindled through of sellers (Asks) competing if a market buy. I won't go into other order types yet.

My brokerage told me MM don't have to place my order (buy or sell). Depending on the action occurring and prices it depends how you place the order and all the situations occurring. Best bet is to "slap" the highest Bid showing to sell quickly, if the Bid has enough shares to cover your share count being sold. Or, you wait for your order type to clear if your Ask is higher than the Bid.