.....when Datek "real time quotes" showed bid 33 7/8... ask 33 15/16 // volume 3,863,600 & I based my "market" order on that erroneous information. My order went through @ 34 1/4.......Their quotes STILL show same bid/ask/vol when in reality volume is over 4mil....it's stuck.
I'm a small potato w/my piddly 100shares...cost me only $31.25 (pluss commissions $9.99) I hope no one else here had the same problem with a larger block.
I just received a call back re my complaint & Datek will credit me the $9.99 commission. Better than a poke in the eye with a sharp stick .
They said their quote supplier was having problems with their NYSE real time quote feed. I wonder how many others based some "market" trades on bad info.
I almost always make "limit" trades.....really taught me a lesson
I needed to vent...thanks.....at least I now own LOW ....hope it works out
I added 200 @ market close to the same time you did but i didn't get the exact info. I bought in @ 34 1/4 also. The good news was is this is a fire sale.... it will be some of the easyess money we make over the next week.... just like the last time this happened. Good luck
Market orders can get you into hot water. The trading is so fast on computer that the quotes can't always keep up with them. I only use limit orders . Better to lose a buy, sometimes, than to buy higher than you may be comfortable with. I bought LOW at 34 today, also, on DATEK. I am a first time LOW buyer. The price seems ok to me. I quess we will find out soon enough. (><) P.D.
I place a market order for LOW at 3:45 this afternoon and was filled at 33 15/16. Made a nice rebound already. If rates are cut on tuesday, (I am counting on that as I did a lot of buying between 3:30 and 4:00, intc, 3com, trv etc...), the whole market will jump.