Quote:
|
Originally Posted by Stocktrading101
So since it is a market order it can't be cancelled? I thought their orders expire automatically if the proper specifications arent met?
Trying to get this understood, so you tried to buy 330k shares, but since the volume hasnt broken 330k yet, it wont let you buy correct?
Either way, I sympathize with you lehayes  |
No I am trying to buy 33k shares, but your shares have to be 10% of the volume, in this case, 330k.
I am adding the email correspondence here for future reference:
Your cash is not held by any order you have placed. The cash value is
only affected when the order gets filled. You can try canceling the
order before 09:30 or after 16:00 EST on any workday.
Investopedia Support.
|
|How long will my money be held up by this process? It has been a day
now
|and it is still stuck in this position. Yes, it is a market open
|transaction.
|
|
|>Hi there,
|>
|>Which type of open trade order are you trying to cancel?
|>
|>If it is limit/stop order, then it can be cancelled at
|>http://simulator.investopedia.com/Tr...penTrades.aspx
|>
|>However, if you are speaking of "Market Open" orders, then they can
only
|>be cancelled when the related exchange is closed. You will not be able
|>to cancel those while exchange is open. This is by design so that
users
|>don't enter an MO order, and then, by looking at a real-time feed,
|>cancel it.
|>
|>Market Orders can't be cancelled at all for the same reason.
|>
|>Regards,
|>Investopedia Support.
|>
|>
|>|-----Original Message-----
|>|The current game they are trading in is: Falkin IV
|>|
|>|3/6/2006 10:23:34 AM
|>|
|>|Their message was:
|>|I have bought into a stock that does not have enough volume. Problem
|>is
|>|that I cannot cancel the order because it is still pending. Is this a
|>bug
|>|in your system? I am on the Falkin IV investing competition. The
|>stock is
|>|MANU.