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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (88806)8/17/2007 4:21:04 PM
From: Rocket Red  Read Replies (1) | Respond to of 313137
 
trades pinks? mm just took your trade and extra cash



To: NOW who wrote (88806)8/17/2007 4:29:00 PM
From: Condor  Read Replies (2) | Respond to of 313137
 
The first trade today for CKG.v on the TSE venture exchange was at 9:30:09 ET for $ CDN 5.50 on 1000 shares.

$ 5.50 CDN at the opening would translate to about $ US 5.08 given an exchange rate of .93 which I believe to be very close to the actual at that moment.

I don't know how one would determine a bid price at that time that was never executed.

Hope that helps.

C



To: NOW who wrote (88806)8/17/2007 6:20:30 PM
From: robnhood  Read Replies (1) | Respond to of 313137
 
I would scream and very loudly. This usually works with brokers. They obviously mishandled your order.



To: NOW who wrote (88806)8/17/2007 7:12:56 PM
From: Rocket Red  Read Replies (1) | Respond to of 313137
 
whats the ckg pink sheet symbol



To: NOW who wrote (88806)8/17/2007 8:01:19 PM
From: robnhood  Read Replies (1) | Respond to of 313137
 
It appears that no one was watching your order, and that is entirely possible considering the lack of trading in the stock.

I would find a way to trade stocks where they trade. I doubt very much that CKG trades any volume to speak of on the pinks.



To: NOW who wrote (88806)8/17/2007 9:30:01 PM
From: koan  Read Replies (1) | Respond to of 313137
 
If you had a limit order in for $5.88 you should not have gotten an execution below that?

Sometimes you have to monior TD. I always use limit ordrs even for market orders. Today I had a bid in for some EPM B wts and they did not post it.

First the guy told me what the ask was (I told him I wanted to bid it) and then he told me the market makers had it. I told him every bid I have made in the last month or two showed up on my screen i.e no market makers, they are using canaccord, etc now.

I told him I wanted to see my bid. After 15 minutes of his rangling somewhere, up popped my bid.



To: NOW who wrote (88806)8/18/2007 7:01:32 PM
From: Radiosport  Read Replies (4) | Respond to of 313137
 
I had a stop loss market order on CKG at 5.88 USD
I trade in the US ameritrade
They told me the first Bid at below 5.88 came in today
they filled me at 4.87 USD!!


My understanding is that a stop loss market order means
that if the price of the stock drops to or below the stop
loss price, then the broker will place a market order to
sell the stock.

So on a rapidly falling or thinly traded stock, the actual
sell price can be far below the listed stop loss price.

This may be made worse by TD Ameritrade. While they trade
directly on the Canadian exchanges, they use pink sheet symbol
names in the account for tracking. The prices they show for
quotes or current PF value are also the current pink sheet
prices, which usually lag the current Canadian exchange prices,
often by a day or more. If they are looking at the pink sheet
price to trigger the stop loss sale, the current Canadian price
when sold could be far below your desired execution price.

John