I feel the same way isoman. I had some funds freed up from the sale of another stock. I should have got in at least .041 or better.
My broker is DLJdirect, and I sure wish I had someone faster. DLJdirects paperwork is great, but what I hate is when you buy/sell
10,000 shares or more, you have to get a supervisor's approval. This
can take a few minutes. By that time, a stock can move up or down. Sure enough, I saw the price at .039, asked my broker to enter the order and had to wait a couple of minutes for an approval. By the time
my order got in, the price had already began to climb. The only reason I got my price or better was that my order was for .043 which was above the .042 ask. My order was split; I got 75k at .043 and 100k at .042. Well, at least I got my price. In the not too distant future, I believe when IT is running at full speed, I'll be a client and won't have this problem. Don't get me wrong, DLJdirect is a great brokerage company. But, they're great for the big priced stocks; they're a little expensive for the pennies.
We will be moving up all next week. You can mark my words.
Ben |
