Marketable parcels question

[brettc4]

Hi All,

As a speculative buy I place a one day order, for 15,000 shares @ 0.062 (the stock is not important).
At the close of the day, 4,215 shares were actually bought @0.062 which equates to $261. This is less than the $500 marketable parcel.

Does this matter, or will it only matter when I try to sell and the total is still less than $500?

Cheers,
Brett

 

[jackson8]

Hi All,

As a speculative buy I place a one day order, for 15,000 shares @ 0.062 (the stock is not important).
At the close of the day, 4,215 shares were actually bought @0.062 which equates to $261. This is less than the $500 marketable parcel.

Does this matter, or will it only matter when I try to sell and the total is still less than $500?

Cheers,
Brett

no problems selling you shares on market
sometimes the company may announce the buyback of unmarketable parcels which means yours would be purchased back and if sp goes down in value then you will lose out . would pay to then top up to above marketable parcel or take the loss

as far as i know it doesnt happen very often and am really not sure of rules concerning unmarketable parcels. would pay to check with your broker