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Cannabis Science, Inc. Message Board

  • americanoitalian americanoitalian Mar 13, 2012 3:59 PM Flag

    Someone explain this to me

    I had a limit order for 12k shares to be bought @ .085 today. The stock hit that number but my order was never placed. Do certain people have priority for their limit trades?

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    • i traded at a firm before and there is a line-up order even on OTC exchanges. for example, if placed an order for 10k shares @.085 a minute before you placed your 12k, and a seller hits the bids with 12k shares, i would fill 10k and you would fill 2k. one sure way to get filled at the bid is to stack it above a big bid. for example, if you see 100k @.085, place your 12k @.086, and so on. or, as someone else mentioned, just hit the offer (ask) or send a mark order (halfway between bid and ask).

    • your order did`t go through because , they are traded over the counter OTC. you need to enter many orders before it is executed, these markets are considered fractured markets.

      • 2 Replies to azmi_zaidi2004
      • I agree with pirate man except that it skipted over a limit or better order in the past during the highest day or 2nd highest voulume since ive been trading it one day 97mil then 110 mil vol today, expect more heavy voulume and get your bid in early, pirate boy,s chart is easy to see where the trajectory is going and when you finish the last 5 to 15 minutes going up that trend should continue in the morning, especialy after the nice 5o mil in volume, look at the retracement periods and the next legs up, its at a 3 week low, at 10cents vs the recent high at 24.5 that woild be a 245% return, just 10% of that would be nice, short term.

      • -
        Bull! With 50,000,000 shares trading just put a Limit Order at the ASK & you'll get in, easy.
        Long as the ASK ain't too far above the BID. In that case hit somewhere in between, aye? lol

    • Iin high volume trading there is a line that is formed based on whoever is in front of you on your trading platform, however what the computers are doing is trying to find matches that process the orders as efficiantly as possible. Buy in round lots or say 100,000 shares or 1000 5000 10000 ect the more round your bid is the more likely the computer will put you first as being an easy match. As an example I got screwed when I put in an order for a uneven amount, it was all the money and shares icould afford, say 19,383, attempting to go all in. Now i'm on schwab and levels higher take priority and do make decisions. I really wanted the stock so the price was .185, i placed the order for the ask and i missed it, so it went to .20, i thought ok i'll place a limit order above the ask. and it skiped me and went to .205, therefore i limit ordered .215, still nothing and finally iput in a market orger and it still didnt go through for at least 5 minutes at .225, Therefore if a feeding frenzy takes place tommorrow morning and you want desperatly in if you are with schwab for instance yo can place a limit order for higher than the price and it will default to the best possible price that the computer can match. I lost money when i hurried to get into the stock though, but im stubburn and have not sold and reduced my basis today from .16 to .15. but another thing to consider is this, if you see a lopsided order out there, this being a lower volume day the bid was say 14750 and the ask was 100000, prices irrelevant here, you can lure the 100,000 asker by evening out the bidders # by biding at the same price and adding 75,250, making the combined 2 bids a round lot for the asker which might incentivise him to sell at your prive if he is an impatient person like me. MOST IMPORTANT MARKET ORDERS HAVE MADE ME LOSE MONEY TWICE, NEVER AGAIN. The website offered is probably more technical but I told you what I know. I need to learn more about the different levels.

    • -
      Ask never touched .085 Ya think their gonna
      give it away? Too cheap to raise yer bid, aye?

0.080.00(-5.33%)Jul 24 3:59 PMEDT

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