InvestorsHub Logo
icon url

CoodBMoney

07/24/13 3:37 PM

#2449 RE: hampstead #2448

Possibly! I would guess it is all about your friend placing a limit order. Since you quoted 2 prices I assume that is what your friend did. As you know, a market order "will be executed" at current price and may be different from the current quoted price. Marketmakers&brokers like to fall back on the fact Execution of a Limit order is not guaranteed. Several terms I have experienced are "as shares are available" and "orders ahead of yours". Several ways to help get around these are the way you place the Limit order. If your broker allows this type order for a OTCBB Stock, you can place an Immediate-or-cancel (IOC) Or fill-or-kill (FOK) order. Difference being, with an IOC order you get ALL or a PART of your order. If not possible to execute (almost immediately) it is cancelled. A FOK order is for immediate execution of TOTAL amount of your order or it is cancelled...