Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI) -- Ignore unavailable to you. Want to Upgrade?

To: David Morgan who wrote (1159)	2/14/1998 5:48:00 AM
From: Brian H.	Read Replies (2) \| Respond to of 4539

The other day (about a week or so ago) the ask was .097 and I decided to average down a little. So I put in an order to buy at .098 and was not filled for about 15 minutes with no change in the ask. I the raised my buy order to .10 while the ask was still at .097. The ask stayed at .097 for about another hour, after I raised my price, and I was never filled at .10. What gives? I did get this one SI response from Hardrocker (that follows) but it did not answer the crux of my question (is the ask price for one share or what?), what gives? By the way, my broker is Quick and Rielly. [from Hardrocker] "Brian, Wish I could help you, but I don't know how that might have happened. First off, I would have asked my broker...some of them are very slow in their executions. Is it possible that the bid went past you due to slow fills? Hardrocker" _______________ I continue________ I did ask my broker and he said that there was only 500 shares offered on the ask. Also that the average transaction was 20,000 shares. It seems that nobody wanted to split up what they had... I already have 4000 shares that I bought at .20 I decided to average down a little when I saw the stock moving up from the $.05 range as it did. I was trying to purchase another 1000 shares which would have given me a nice even 5000 shares at an average price of $.18. Anywho as you know I didn't get filled even though I put in an offer that beat the ask by 3%. I guess it's possible that all the MM had only 20,000 share blocks and/or that no MM had a "measly" 1000 shares to sell. It just seems to me that someone should have broken one up, even if I only wanted 1 share. I mean, isn't that what it's all about? That price that is quoted is the price for one share, right? or am I wrong? And what about these commissions we pay? isn't part of that supposed to help cover those "poor" MM who have to "break up a block" Someone should try ordering just one share at say 2 cents over the ask... See if you ever get filled. I just feel I should have been filled for 1000 shares when I put my order in at .03 over the ask, and the ask stays still for 1 hour after I put in my order! Do you think that my broker is a slacker or something? I mean, what's up? I sometimes wonder if it is the MM's who are the only ones making money on this. Have other people had this experience (bait and switch on the bid and ask price)? Am I wrong to bitch? Is the ask the price for one share, or is the ask the price for 20,000 shares? Should I bitch to a higher authority? And if so, who? I realize that I'm only talking about $100 bucks here, but still, to a small time, young, beginner invester like myself, $100 is a lot to me when my total stock assets is only about $1600. Any comments, answers, suggestions will be much appriciated. You can post here, or write directely to me at 4321@homepageinc.com Thanks in advance. Brian