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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: hubris33 who wrote (14446)1/31/2010 11:24:52 AM
From: No Mo Mo  Read Replies (1) of 48092
 
"In my experience, limit orders (out of the money) are often traded around or ignored unless the market moves way past them and the MM looks back and decides to execute your order at face value and pocket the difference - and hey, it's the Pinksheets, so "anything goes!"

Can't tell you how many times I had to call CyberTrader, Schwab & TDAmeritrade international desks to get them to execute an old, previously OOTM limit order that was now ITM by a nickle, dime or even two-bits."

Gulp.... That makes my blood run cold. I thought I was unlucky getting the slow response I've had. Your examples sound like outright thievery or gross incompetence both punishable by regulatory enforcement.
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