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12:38
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Originally posted by SmugLex
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Just be careful of ticking the "at market option" what that means is if there are not enough sellers at your price point it keeps going up the seller list until your order is fulfilled. I think I was personally responsible in the massive price spike for A2M when I ticked the at market option for a order in the order of $100k's when the shares were trading at $1.50 only to see a portion of them executed at around that figure with the bulk of them executed a lot higher topping out at $2.1 before dropping later on to $1.30. It all ended well in the end but maybe execute several in tranches as when you tick that option as it happens so quickly you dont have time to react if its sails past what you think is a fair price at the time.
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For a $100k order on low liquidity stocks that A2M probably was when it was $1.30 its worth paying the fee to get the order put into center-point mid point match ( dark pool )
