GREENLINE HORROR STORY
On my first visit to this thread, I thought I'd share this with you guys. Decided to buy 1000 shares of EDIG today and placed a market order through the Webbroker. Call me crazy for doing so but it was showing tremendous strength on Level 2. Got confirmation that the order was received @ 10:56. I watched EDIG climb from $2.53 (when I placed the order) to $ 3.45 within the next 36 minutes at which time
Greenline conveniently (for them) filled me at $ 3.45. A MARKET ORDER
that got filled in over half an hour. Got on the phone right away after going through all the bull sh@* with a trader and so forth I was told that the Supervisor would get back to me.
Half an hour later I get a call from MR Chang ''the supervisor'' telling me how volatile these penny stocks are and the risks involved, and how fast the stock moved up and the market price was $ 3.45 at the time my order was executed blah, blah, blah.
I said listen Mr Chang I have been screwed enough times by you guys but not this time. I am watching this thing on Level 2, I got the transaction log right here, this thing moved up steadily fron 2.53
to 3.45 in 36 minutes and it does not take 36 damn minutes for a market order to get filled. If you are going to screw me do it right, at least tell me I got filled in 10-15 minutes, fill me at 2.70 or 2.80 I'll buy that, but not this sh#@ you're giving me. Upon hearing Level 2 , transaction log etc. Mr Chang became ''nicer'' much much nicer and said that he would see what he could do for me.
10 minutes later, another phone call. Guess who? MR CHANG, sorry an apologizing MR Chan telling me that I actually got filled at 2.55
how there was an error on their system blah blah blah. I said to him to spare me and save me the bull and as long as I owned the damn thing
at 2.55 that's all I wanted to hear and I hung up.
What I think is happening when they get a market order on an active stock like EDIG today, they think, here is a fish that placed a market order on a stock that's all over the place today let's see we'll buy it right now at 2.55 and wait a little if this thing moves up we'll just tell him he got filled at 3.45 yeah he probably heard about the stock from a friend or something, he doesn't know. If it moves down?
well we will give it to him at the price we actually bought the stock for (2.55).
Of course this is only what I suspect is happening and my opinion only.
Sorry for the long story folks, anyone care to comment??
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