trading day before the countdown, page-6

jensdab...

Your order went through at 11:19:04...a classic broker play.

I often talk about "other peoples money"...and sadly your order is a perfect example.

With a set limit at 28c, your broker was able to hold that order from the morning session until he was able to use it to his advantage.

Sometimes it is on relatively small volumes, so the net effect on the trading of the stock is minimal (as per your order), but other time the broker might have of say 2m shares to buy and a similar number to buy.

Depending on the set price limits of the various orders, he can chose to use the days "book" to help facilitate various other goals, such as running the stock up, running it down, or simply holding it in a test pattern for the day.

Your order should have gone through at 27c, or at worst, 27.5c which sat on the ask for some time, but your broker chose to push your order in at 28c, I assume to touch 28c at a technically important moment.

Not a major issue, but it has cost you at least $95 on this occasion.

Not nice.

Cheers!