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Quantum X

04/02/14 12:04 PM

#28899 RE: Nickpm #28895

They have for me .... BUT ...

It was a ridiculously high price on a .0001 no bid stock anyway ...

But now that I have thought about it for a few minutes I also remember that ST GTC orders are only good for 30 days ...

E-trade on the other hand, the GTC orders are good for 60 days ..

This puts someone with a ST account at a disadvantage to someone with an ET account ...

Say you bought a stock like PHMB for .0001 and you just want to flip it and move on because now you are having second thoughts or whatever so ...

2 people made the same decision on the same day and put in GTC orders for .0002 ... But ... it didn't sell,

After 30 days the ST persons order expired and he has to reset it which sends him to the "BACK" of the line ...

The ET person now has the advantage because he has the oldest order ...

Just another advantage I thought about ...

11:11