DRIPS - Am I the only one that always seems to have my DRIP...
..fill VERY near the high of the day? I use Etrade and it filled at $35.58 . The low/high Friday was $35.04/$35.63. This seems to happen every quarter. Is this a coincidence or are the brokerages
selling us THEIR shares as high as they can? I should be more informed about this but I admit that I am not.
Think the floor traders are honest? They police themselves with no real oversight. However, many people DRIP so a lot of money is there at the same time competing for the shares. That very well could account for the higher prices.
It has been about four years ago I left E-Trade because they refused to resolve a problem. When I switched to TDAmeritrade, they solved the problem without me even asking them to. Since then I have found them to be more than fair and honest. Like last week I asked for a credit of 70 cents on an iron condor and they filled it with a credit of 95 cents.