At 11 am, I placed an order for 1900 shares. At 11:05, I cancelled the order because it wasn't filled. At 12 noon, I placed my order again for 1900 shares and it was filled at 12:02pm. When I received my statement of purchases the next day, it showed that the original order was filled at 4:30 pm. Now I have a purchase that was cancelled but was filled 5 1/2 hours later. I complained to Schwab who is my broker and they told me it was a legitimate order but that I could dispute it. It was certainly a crazy day by by Nasdaq and the Morgan Stanley and the others.
VERY SIMILAR CASE HERE...
I had placed 3 orders; 300 #s @ $38.56, 550#s @ 38.90 and 200 @ 40.40.
Looking at opening prices, I decided to step aside and hence cancelled all three orders, but never got confirmation, till end of the day(4.15 PM EST).
Assuming that my order got cancelled, i bought fresh 1000 # at 38.14, just before close of day. However, later in evening i see that all cancelled order are filled, which was informed to me after 5.30 hrs. This is crazy,as these were my 401k a/c funds.
I called Schwab and lodged my dispute. Looks like many millions were taken for rideand this demonstrates poor credibility for this market.
I am going to close all my position in FB tomorrow morning as I feel caught up in this overhyped FB promotion.
Same thing happen to me, I cancelled my buy order but end up filled at $42, 2 hrsw later. My wife called the TD trade before 4pm and get is straight. They keep tell my wife because too many shares change hand the computer can not handle it.
my buy order was immediately filled,upon which i placed a stop. 13 Minutes later,after the ramp job had started, i canceled the stop. It wouldn't cancel, leasing me with a puechased stock that i could not sell until NDX qcancelec the stop loss. I called FIDO; it took about an hour for someone to answer. The guy knew immediately what i was calling about; another small-time investor screwed by the Goldman machine. He said that the FIDO guys were pulling their neatly washed-waxed-coiffed-tinted hair out trying to get NDX to give ANY feedback. My open order is still cancellation pending, 55 hours after i madethe order. i went to the SEC website and fled a complaint against the nasdaq market. This is a disaster for anyone who did not trade through one of Goldman's red-phone lines. It has also given me an invaluable insight into how easily any big brokerge house can screw every small invester by simply holding qexecutions ijdefinily until the individual investor has a losing pposition,,,and then accept the cancellation. My name will definitely beon any SEC class-ACTION LAWSUIT THAT GETS FILED. Small investors were robbed blind using a system tht had ONE YEAR to prepare for this IPO. I only wish that there were a real regulatory body outthere, not incompetant like the SEC or corrupt like FINRA, which actually would take this scam as a class action actionn, and awarding full damages plus fraud charges with an extremely heavy fine.
I had the same thing happen at Schwab, cancelled my order around 9:30 PST. I figured I was good and went about my day, then got a trade confirmation at the end of the day after the market closed that my trade went through. Was only going to play it for the day on a possible run up.
My Sharebuilder order was cancelled around 10:30 am on Friday and I didn't get confirmation of the cancellation until 9pm on Saturday.
Until then I didn't know if I had bought or not!!