Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: FatMatty who wrote (42929)	1/13/1999 5:46:00 PM
From: Kevin McKenzie	Read Replies (1) of 119973

your first market order shouldn't have taken that long! agreed. I may be over optimistic, but I'm looking for an adjustment of 10 to 12 points, based on when I placed the order and how the stock traded. At the extreme, I should get an adjustment of 5. When I placed the order the quote was around 77 bid by 78 ask. As I watched, it moved up through the low 80's within 10 minutes. At 9:50, I got a sell at 83 5/8 (in 2 minutes) At 9:58 I got a buy at 88 1/2 (in less than a minute) Finally, at 10:44 I got a fill on the initial buy at 92 1/2. To me, this is absurd on the face, since my buy order placed much later got a significantly lower price. I'm curious. You said some orders take longer to get to the floor... Does this mean that even though I place an order at 9:36, my broker can jack around with the order for an hour (for whatever reason and without contacting me) then finally get the order to the floor? What can cause a simple market order to be delayed so long?

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