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Microcap & Penny Stocks : Trading 101
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To: Ga Bard who wrote ()4/3/1998 8:52:00 PM
From: Tony  Read Replies (1) of 406
 
I have a question about executions:

I placed an order to buy 350 shares of XYZ at the market in a thinly traded stock. I recieved e-mail confirmation from the online broker (suretrade) that the order was placed and a few minutes after I placed it I saw a 300 share trade go through at the ask. The order then became listed as an execution on my account screen, but I never recieved confirmation. Time and Sales from farsight shows the 300 share trade, and does not show any trades odd multiples of 50 shares. The next day my position listing with suretrade says that I have 350 shares of the stock. Is this possible, given that there were no 350 share trades the entire day?

I'd call suretrade, but last time I called I was on hold for 20 minutes, and it's a long distance call. I'd e-mail them, but all I get is a form response to frequently asked questions. Thank you for any assistance that you can offer.

-Tony
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