Started to short TXN from $32.55 to $33.12. in the face of CIBC's upgrade. 800 shares total. closed my short at the close. +.55
When I placed my offer the bid was greater than 38.50. I wanted out before close and didn't care about small slippage. They still bent me over! Each bid and offer is firm for 10 contracts and I wanted to close 8. My firm should honor this trade and put the trade in their error account and deal with PHLX themselves. I know they dropped their connection with the exchange..... The broker is calling me back in a few minutes when he hears back from PHLX. ????
you'll probably get screwed......everyone blames the other person and your left holding the bag. Maybe we gap down in the morning and you cover at a better price. good luck
I know these firms inside and out and you're probably right about that. I do know and have seen firms book an execution for a client after market close and settle with the exchange outside of the clients account the following day. Still no call.........
They gave me a bunch of BS why this order didn't fill, like I don't understand market mechanics and how orders route! I did get them to drop my commission down $2.00 per trade for 30 days. They know they screwed up and are offering this as a "customer gesture" I assume. Better than nothing....Hope semi's gap down tomorrow.
Late Sell-off Hits Stocks Concerns that the mild economic recovery won't spark a major rebound in corporate earnings weighed on stocks despite some better than expected results from companies such as Amazon.com (AMZN) and Qualcomm Inc. (QCOM). March durable goods orders were weaker than expected and the Fed's Beige Book pointed to slow economic growth. The Dow Jones Industrial Average fell 59 points (0.6%) to 10,030, the S&P 500 index dropped 8 points (0.7%) to 1093, and the Nasdaq composite fell 17 points (1.0%) to 1713. Brokerage, semiconductor and software shares led the decline while airline and telecom stocks stood out among the gainers. Volume on the Big Board was 1.4 billion shares as 1.9 billion shares changed hands on the Nasdaq. TODAYS EXECUTIONS: 12:25:43 DOX BOT 2000 23.15 10:47:20 DIS BOT 2000 24.86 OPEN POSITIONS: Short .SJXQL 8 17.00 +21.30 Short MRK 2000 56.38 +1.53 Short TLAB 3000 9.68 +1.08 Long DIS 2000 24.86 -0.31 Long PALM 5000 4.01 -0.66 Long CKP 2000 18.50 -1.73 CLOSED P&L: $1,660 OPEN P&L: $15,960 TOTAL CLOSED P&L: $49,776
Down, that's some vol for a knee high to a snake in the grass stock. Don't think I've ever seen one that cheap do 121 mm like this one a few days ago, guess the naz didn't either by the looks of the halt.
Point and Figure charts don't work too well for penny stocks IMO. Although as the chart clearly shows the down trend has been broken.