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swaps
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Retired news reporter, former business writer for two daily newspapers. Former business owner. Manages own IRA, to keep hand on pulse of the market. Thinks the banking system is a no longer sophisticated control mechanism to keep the serfs in bondage.
  • The day they goofed - but would not take the loss like a man 1 comment
    May 8, 2010 12:18 PM | about stocks: ENLAY

    Last year I entered a good to cancel order to buy Enlay.pk at some ridiculous low price like $4.25, which had dropped below  that during the meltdown. At the time the stock was in the mid or high 5s where it has stayed.

    But one day whomever the specialist is dropped down and picked up my order, selling to me for $4.25.  But then of course I got a notice that the trade had been cancelled.

    Of course, because the trade error WAS IN MY FAVOR, NOT THEIRS.

    Make an offer to buy a $5 stock for $7 - by mistake - and see it picked up. And then ask for a cancel because your ERROR COST YOU MONEY..



    Disclosure: no current position enlay.pk
    Stocks: ENLAY
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  • alibeamish
    , contributor
    Comments (342) | Send Message
     
    that is just wrong
    market is broken
    I am interested in doing this type of trade too
    9 May 2010, 02:37 AM Reply Like
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