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Mark, Assuming this is on the NYSE and not on the flim flam Nasdaq, you should have gotten your sale. There is always a buyer and a seller, so what your broker said is nonsense. However, limit orders are not legally binding and there are always excuses why you didn't get filled. The main one is size. If somebody is buying 20,000 and somebody else is taking the whole trade at a price, you don't necessarily get a piece if you have less than 20,000 to sell. You should, but size takes precedence. However, the specialist will usually buy yours at the 1/16 lower and resell it to the other guy higher. So, if it is NYSE, I'm surprised you weren't filled. |
