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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: russet who wrote (3192)5/14/1999 8:11:00 AM
From: Rob Davis  Read Replies (1) | Respond to of 4467
 
Hi russet,

I'm not really following you here...you say

I placed an order to sell 100 shares Gle (no restrictions) via
Investorline at 4:15 EST on Wednesday at $9.50. They failed to fill
the order even though the stock closed at $9.70.


Since GLE trades on the TSE, the market closes at 4:00 EST. Therefore
you couldn't trade it on Wednesday, even though your order was for
less than the last trade. Your order was probably entered for the
next morning.

My computer comes up and shows I sold it at $9.70 today (Thursday),
that's yesterday closing value (The stock opened lower at first
today). They realized their mistake and were willing to absorb the
loss.


I believe that you sold it at $9.70 because that is where it opened
on Thursday, not because that is where it closed the day before.

Did the borker actually admit to a mistake? If so, what was the
mistake? Were you hoping to sell it on the ASE at 4:15 EST? If
so, what was the current bid? Perhaps it was lower than $9.50?

Glad things worked out for you, though.

Cheers,
Rob