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MarketGeometry

06/12/09 6:46 PM

#109860 RE: Militia Man #109858

I had the same problem..it filled at .158..Here is Etrades response to my query about the issue why orders did not execute above the ask

Limit orders to buy will be filled only when the ask price reaches the limit price and all other market orders and older limit orders have executed first. This is called Stock Ahead, because market orders and older limit orders have higher execution priority, and are ahead of newer limit orders. As such, there may not be sufficient shares at times for the market maker to fill your order immediately when the limit price is reached.
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jabob

06/13/09 3:13 AM

#110236 RE: Militia Man #109858

I have TDA. I started buying on the way down @ .2701, .2511, .242, .217, .191 and pick up 55495 shares. I was able to sell some other stocks in time to buy 52084 shares @ .082. then added 22285 more @.175. I only wish I had bought in lower. Never sold any shares and now I'm over 1.6 mil.