So I put in an initial bid of $42.00 for Facebook stock on Friday before it opened. Seeing that it was not going to sell for that much, I actually canceled my order within a few minutes. The Scottrade website provided the regular disclaimer that the cancellation of the order would be dependent on its position in relation to other orders. No Facebook stock was credited to my account on Friday. I get an email message from Scottrade today that my order was fulfilled at $42.00/share and those shares would be credited to my account in the next day or so (As everyone know after it has dropped 30% and I would have sold it back on Friday if I knew). Is anyone else having the same problem with Scottrade or any other brokerages?
Being with Fidelity 15 years I was waiting for the IPO. Of course they Didn't let me in so I put orders in and since the stock opened and was Droping I Canceled them. When it hit 31 I sold lost alot. Bought some shares on the way Back up. They came in and said they fixed the problem. Took the Shares I just Bought to cover the ones I Didn't Have that were in my account. So Overall I lost all my Shares and I am in the Hole...Now I Have to start over....
Yes, one of my co workers put in a limit order with Scottrade at 42.00, and received an e mail, just like you did. I also put in a limit order before the market opened and yep, you guessed it, my shares were purchased at 42.00. Why not 38.00, 39.00 40.00?? Scottrade selling shares at 42.00.. Did anyone get them for less threw Scottrade??
I placed two orders and canceled them with Fidelity. Fortunately they didn't get filled. This is from Fidelity to all customers. They are trying to accommodate. Hope they will work it out: GL!
Special Notice to Customers Submitting Orders for Facebook Stock on Friday, May 18, 2012
Because of acknowledged problems at NASDAQ, some customers who placed orders for Facebook (FB) stock on Friday, May 18, 2012 may have experienced delays in status updates. This is an industry-wide issue that affected many different broker-dealers and other market participants. We realize that some customers still have questions about how these delays may have affected their trading activity. We understand that NASDAQ is working with federal regulators to determine what, if any, accommodation might be made. However, customers should assume that any shares of Facebook stock currently credited to their accounts are owned by them and available for trading. We will continue to work with the industry to get NASDAQ to come to a resolution that addresses the concerns of our customers.