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Message: Re: Has anyone put in a buy order that was refused because it was too high?

Jun 17, 2007 07:48PM

Jun 17, 2007 08:39PM

Jun 17, 2007 09:24PM

Jun 18, 2007 03:04AM

Jun 18, 2007 03:26AM

Jun 18, 2007 03:29AM

YES....my husband and I tried to change several sell orders we had in with E-trade....

First of all, we were only able to change the price on one order successfully.  When we tried to change the second order a message came up that said something about not having enough shares. We then called E-trade and got some double talk about having to wait until Monday for the market to open to change our orders.  We kept pressing him as to why we could change one and not another.  After several times being placed on hold while he spoke to someone else and came back with the same answer which was to wait....we finally asked him if he could try to make the changes for us.

When we told him the price we wanted...he said that he needed approval because our price was too high, and again placed us on hold. when he came back he said it was approved but that we should know the market makers may reject it. I really don't understand why we can't place an order at whatever price we want.  It makes more sense that it might not be filled but to not even allow someone to set their own price is  something I just don't get.

Any other comments?

 

 


Jun 18, 2007 04:36AM
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