SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Geron Corp.
GERN 1.530+4.8%Feb 6 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: taxikid who wrote (692)1/15/1998 8:24:00 AM
From: Haolin Ni  Read Replies (2) of 3578
 
TO ALL,

The GERN is fun for most of us in this thread. However, it is a big fun for the market makers yestoday. They made big money by manipulation of the price to cut our profit. As all of us saw the price opened at $16 3/4 and $16 7/8 then dropped to $15 1/2 within two mins, then move back to $16 7/8. I wonder how many investor sold their shares over $16 1/2 and how many brought belowe $16 1/2 in that two mins druing market open.

I set the limite order to sell my long at $16 half hour before market open but my order was filled $16 3/16 at 9:32 EST. my understanding is my limite order should be changed to market order automaticly before market open since the bid price is high than my limite price. However, the market maker told me that the market orders set before market open have priority over me. Can any one enlight me in this matter? Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext