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Posted On: 10/10/2017 2:38:26 PM
Post# of 72447
Reminder: make sure your good-til-canceled high-priced sell order has not expired. Mine just did, and I just entered it again.
What I discovered was that I accidentally hit day order instead of good-til-canceled, and the broker would not accept it because of the high price I put on it. BUT, when I realized my mistake and changed it to GTC, they let me set a nice high price on it.
So, for those who have had trouble getting a high enough price on their order, make sure you hit the GTC.
For anyone who is wondering why we do this, it's because in theory it makes those shares UNAVAILABLE TO BE SHORTED.
I would be very frightened to put an order like this in for less than 10, and preferably 20 or higher would be safer. That will give you time to cancel it or move it up when IPIX takes off.
What I discovered was that I accidentally hit day order instead of good-til-canceled, and the broker would not accept it because of the high price I put on it. BUT, when I realized my mistake and changed it to GTC, they let me set a nice high price on it.
So, for those who have had trouble getting a high enough price on their order, make sure you hit the GTC.
For anyone who is wondering why we do this, it's because in theory it makes those shares UNAVAILABLE TO BE SHORTED.
I would be very frightened to put an order like this in for less than 10, and preferably 20 or higher would be safer. That will give you time to cancel it or move it up when IPIX takes off.
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