CM, If you were purchasing 10,000 shares of FAMH on Monday, It would somewhat depend on what brokerage company you are using for your trade,and whether or not they make a market in FAMH.
I use NDB (National Discount Brokers) and I have bought FAMH shares and have had fairly quick execution. If you place a limit order at the current ask price, you can usually get at least 5,000 shares at a time. I have also gotten larger blocks, such as 10,000 and 20,000. It just depends how many shares the Marker Makers are willing to sell at the ask price, at the time you place your order. It would also depend on how many orders are ahead of yours.
With NDB, it does not matter to me if my order is broken up, because if I purchase the same security any number of times in one day, I only pay one fee of apx $19.75. I could buy 10,000 shares of FAMH at 10:00 am, then another 10,000 at 10:05 am, and yet another 10,000 at 1:15 pm and I would pay only $19.75 total for all of the trades.
Usually I would say that you would likely have your order executed a little quicker on a listed stock. But I have at times bought and sold BB stocks and had them execute almost instantly.
If you are placing a market order (which can be risky) your broker may have a guaranteed execution time of say 30 seconds. It would depend on your broker.
I have Level II for OTC-BB stocks, on my Real Time Quote server. Being able to see how the MM's are positioned at a particular time has been a great help to me in placing my orders.
Cheryl |
