Replies to post #118450 on HUMBL Inc (HMBL)

[OMOLIVES]

I said it wasn't a "buy". I think what I quoted stated specifically what I was referring to...as in...it wasn't a buy. It was a broker getting the best price available for a large block. The broker did his job and executed such.

When to Use Not-Held Orders

Not-held orders are not widely used in liquid markets since the volume of activity gives the investor ample opportunity to get in and out of a position with ease.

When a market or security is illiquid or moves erratically, a not-held order may give the investor more peace of mind.

Illiquid Stocks: A not-held order allows a broker to try for a better price than might be achieved when forced to place an immediate order and pay a wide bid-ask spread. For example, if the best bid in XYZ is $0.20 and the lowest offer is $0.30, the broker could initially sit at the top of the bid at $0.21 and incrementally increase the order’s price with the hope of not having to pay the much higher offer price.
Periods of Increased Volatility: An investor may opt for a not-held order during a period of high volatility, such as after an earnings announcement, a broker downgrade, or a macroeconomic release, such as the U.S. jobs report. Brokers use their judgment based on similar events in the past to determine the best time and price to execute the order.

https://www.investopedia.com/terms/n/notheldorder.asp