Same thing happened to me a few years ago on a buy order for a NYSE (yes, we're talking specialists here)stock - used a market order and they filled me at about .25 higher than the ask. It ended up going up over a buck, so I made money but still they should have filled me lower.
LOL My last market order was like 5 years ago.. FASC.. It climbed into the low .20's and then started to pull back.. I put a sell in at market.. just as I did there was a fast and furious rundown.. It hit .13 and thats where my sell went off and it ran back into the low .20's.. Man I was soooooo pissed!!
hello Matt. lol...one man's ceiling is another man's floor...im guessing the BUYER patiently waiting (CORRECTLY) with that 6.05-bid is not complaining.
the rule i follow is:
dicker w/the mm or prepare to be dickered with.
and within that trading rule, i do use market-orders, altho seldom.
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