SI
SI
discoversearch

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


To: Rob Davis who wrote (3197)5/14/1999 1:37:00 PM
From: russet  Read Replies (1) | Respond to of 4467
 
russett to Rob,

I placed the order 15 minutes before close,...my mistake,...4:15 should read 3:45pm est. They failed to fill the order before close even though the order went to the floor,...broker screwup was admitted. It should have been sold for $9.50 Wednesday.

The next day I believe Gle opened at $9.70, and they filled the order but I didn't know that. When I looked at my transaction screen on the computer, I still owned the shares, so I phoned shortly after market open. Gle was trading at $9.15 as I was making that phone call, so it is fair to say I was not happy.

The broker told me they had sold the shares a few minutes before at $9.70 but admitted that because it was their mistake (apparently many people trading in the last half hour on Wednesday with Nesbitt failed to have buys and sells exercised) they would have had to honor my ask price and take the loss.

On review, I wonder what might have happened if Gle opened below $9.50 and I didn't phone to complain? Perhaps they were not so noble after all. Wonder what happened to all the other people whose trades were not filled? If anyone made a trade on Wed May 12 near close with Nesbitt (Investorline), you should go back and review your transaction records.