Thanks for your time as head Mod Jufel. You've been a good level headed leader and have brought us solid DD. The tax credit delay has turned out to be a show stopper for moment so once our government is done grandstanding things should move forward. Mini refinery sales continue along with the lighting company sales and RTR powering the grid so we'll focus on the work that's paying :)
What chaps my azz is I've had a bid to catch .25 for over a week and my broker says...
All trades for pink sheet securities involve a market maker. Unlike listed or NASDAQ securities, securities that are quoted on the pink sheets require that you always buy from the market maker on the ask side and always sell to the market maker on the bid side.
Because you always buy on the ask side, a pink sheet security can trade at or below your buy limit and not trigger an execution of your order.
Conversely, because the bid must rise to your sell limit price, a pink sheet stock can trade at or above your sell limit and not execute your order.
As a result, you might see trades above and below your price, but still not be due an execution. In addition, please be aware that when you are trading pink sheet securities, "match" trades do not occur and there are no rules of reflection. This means that you can be traded through and still not be due an execution.
Market volatility, volume and system availability may delay account access and trade executions. Execution price, speed and liquidity are affected by many factors, including market volatility, size and type of order and available market centers.
The ask price was never as low as .25. The trades at .20 and .21 were people selling their shares off the bid price. You need the ask price to drop to your limit or lower before it can execute.
Date Time Exg Price Size Bid Bid Exg Ask Ask Exg Sizes Seq ID Condition
01/28 15:03:27 0.55 OT 0x100
01/28 14:29:02 OT 0.39 250 78455
01/28 14:17:45 OT 0.2 1150 76182
01/28 14:07:35 OT 0.21 1000 74186
01/28 13:23:24 OT 0.4 375 65749
01/28 13:22:09 OT 0.4 501 65546
01/28 11:24:27 OT 0.4 500 44208
01/28 08:56:16 0.4 OT 0x100
01/28 08:03:19 0.2 OT 0.4 OT 100x100
01/28 07:10:31 0.8 OT 0x100
Sincerely,
Mark
Trade Resolution, TD AMERITRADE
Division of TD AMERITRADE, Inc.
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