"All OTC stocks must have limit orders." I'm afraid I don't know what this means. Do you mean that anyone placing an order for an OTC stock should make it a limit order? What is the purpose of the "ask" if it isn't honored? I've certainly never placed an order for 50k shares but I thought an order would be filled at the ask. Someone please explain. Z
I agree Jay. Perhaps his/her limit order was for x amount of shares at 49 cents or higher. The way the stock traded today, the trader could have made a better trade imo.
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