Trouble selling MRO this morning.

Discussion in 'Stocks' started by Amun Ra, Mar 10, 2020.

  1. Amun Ra

    Amun Ra

    I bought MRO yesterday at $3.43 and tried to sell it this morning at $4.75. The price kept freezing and my limit orders were not working despite hitting the bid. At $4.35 I put in a market order, but it also wouldn't sell. The bid went to 0.00. I figured some error and I cancelled my market order after a minute or so getting worried I'd be filled at $0. I eventually sold it at $4.15 and the price is currently frozen again at 3.94. What is going on? Are there just not enough buyers and sellers in that stock? there is 8m traded this morning though...
     
    murray t turtle likes this.
  2. Robert Morse

    Robert Morse Sponsor

    What broker and what route did you use, if you can choose? MRO is a Circuit Breaker stock, but that should not affect selling long. Also, was the order pre-market?
     
  3. Amun Ra

    Amun Ra

    I use etrade. Not sure about premarket. The stock dropped 50% yesterday(which is why I bought it at $3.43)
     
  4. Robert Morse

    Robert Morse Sponsor

    Is it one of those free broker routes?
     
  5. Amun Ra

    Amun Ra

    It is now, but wasn't when I first started using them.
     
  6. RRY16

    RRY16

    Maybe if you switch to Robinhood they will give you a free pass to Coachella.
     
  7. d08

    d08

    This is why you need to know regulations.

    MRO has Up-tick rule (SEC 201) from yesterday to today's aftermarket close (20:00). You should have only sold on upticks.
     
    murray t turtle likes this.
  8. %%
    From the av volume=18 million@ MRO day should be liquid??
    BUT under $5 now, i would not trust Etrade to give him a good fill-if they wanted to. ??[I remember i got a brokerage bill from them, years ago, charging me for thier toll free number for, checking stock quotes@ nite.]
    Glad to leave Etrade....................................
     
    Last edited: Mar 10, 2020
  9. sprstpd

    sprstpd

    Based on the information OP gave, he was long the shares. You can sell at any price you want if you are already long, right?
     
    #10     Mar 10, 2020
    Amun Ra and murray t turtle like this.