Comment posted “Rejected by Market” Pink Sheet Stock? by popeleo5th.
When you buy a stock on a regular exchange there is a market maker assigned who will sell to you if no one else wants to. That makes the stock ‘liquid’ – it guarantees you can buy and sell whenever you want when the market is open.
There are no market makers assigned to Pink Sheet stocks – so the fact that your order is not being filled means no current shareholders want to sell. There are many stocks on the Pink Sheets that don’t trade for months at a time. The only thing you can do is leave your order in the market and hope that someone is prepared to hit it.
Incidentally you might want to check the information you’re putting in for the trade. You can have a Limit order (meaning you buy below a certain price). You can have a Market order (meaning you buy at any price). You cannot have a Limit Market order, it makes no sense. ALWAYS use Limit orders, if you use a Market order the brokers will exploit you by selling at the highest price possible.
popeleo5th also commented
- Call your broker and ask what the current asking price is on the stock. Or check the pink sheets internet site. It shows ask price and also volume of pink sheet stocks.
http://www.pinksheets.com/index.jsp
- Not every brokerage trades every stock. If you are in a program that, for instance, just trades the big three (NYSE, AMEX, and NASDAQ) then Over The Counter (OTC) are out of the ballpark–including PinkSheets, which is further down the OTC back alley trading territory.
They may have some info for their stock searches, but have no trading connections, and probably no desire to make the connection. The fishing is fine in their normal spots and casting for minnows on the side creeks is not interesting.
- Could be that no one is trading the stock, that the volume is simply too light.
Also check to make sure you are using non-marginable funds to buy the stock. Basically seasoned funds, not funds you just put into the account a day ago. Needs to be around 5 business days at least.
Learn about finance, credit, and mortgage:
http://www.thetruthaboutmortgage.com
Recent comments by popeleo5th
- Crash Course: Chapter 19 – Future Shock by Chris Martenson
Great vids but theres a breakdown in his logic.
He says we are facing a predicament not a problem. His analogy for problem vs predicament is, hanging off a cliff is a problem and having already jumped off a cliff is a predicament.He then goes on at great length through these videos as to how are we are going to solve the predicament we face, ie what plans do we have for when our bodys hit the ground at 130 miles per hour.???
- Crash Course: Chapter 19 – Future Shock by Chris Martenson
what does he propose we do as we fall through the air to certain death? pay increased taxes? curb our lifestyles? cut our co2 emissions?reduce the population?????? what ??? hmmmm - Crash Course: Chapter 19 – Future Shock by Chris Martenson
Mota, suppose just for the sake for argument, that what you just stated is what is actually necessary to fix the coming problems. It must be done. - Crash Course: Chapter 19 – Future Shock by Chris Martenson
That is point. He is not saying we are facing a coming problem. he is saying we are in a unsolveable prediciment.If we are in a prediciment there is no solution, according to him .
- What is the best and safest way to leverage an investment and gold or silver ? I do not know how to trade ?
the selver is more risk and more profit.
you must have an equity to protect your trade
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Could be that no one is trading the stock, that the volume is simply too light.
Also check to make sure you are using non-marginable funds to buy the stock. Basically seasoned funds, not funds you just put into the account a day ago. Needs to be around 5 business days at least.
Learn about finance, credit, and mortgage:
http://www.thetruthaboutmortgage.com
When you buy a stock on a regular exchange there is a market maker assigned who will sell to you if no one else wants to. That makes the stock ‘liquid’ – it guarantees you can buy and sell whenever you want when the market is open.
There are no market makers assigned to Pink Sheet stocks – so the fact that your order is not being filled means no current shareholders want to sell. There are many stocks on the Pink Sheets that don’t trade for months at a time. The only thing you can do is leave your order in the market and hope that someone is prepared to hit it.
Incidentally you might want to check the information you’re putting in for the trade. You can have a Limit order (meaning you buy below a certain price). You can have a Market order (meaning you buy at any price). You cannot have a Limit Market order, it makes no sense. ALWAYS use Limit orders, if you use a Market order the brokers will exploit you by selling at the highest price possible.
Not every brokerage trades every stock. If you are in a program that, for instance, just trades the big three (NYSE, AMEX, and NASDAQ) then Over The Counter (OTC) are out of the ballpark–including PinkSheets, which is further down the OTC back alley trading territory.
They may have some info for their stock searches, but have no trading connections, and probably no desire to make the connection. The fishing is fine in their normal spots and casting for minnows on the side creeks is not interesting.
Call your broker and ask what the current asking price is on the stock. Or check the pink sheets internet site. It shows ask price and also volume of pink sheet stocks.
http://www.pinksheets.com/index.jsp