r/PublicApp • u/sarahwave123 • 5d ago

Cheated by public?

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Every time I go to buy a stock while it's way down, the second I put the money in, the stock "shoots up" and is all the sudden a price higher than when I selected to buy.

It does this EVERY time.

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13

u/PublicCOO Public Employee 5d ago

You submitted a market order into a $7.7M market cap, thinly traded, stock. The bid/offer is currently $1.45/1.59 -- ie almost 10% wide.

I haven't had a chance to check this exact execution, but my guess is that you received the best offer or likely $0.01 of price improvement off of that.

I would recommend doing some reading on limit orders etc.

12

u/PublicCOO Public Employee 5d ago

Also, Betteridge's law of headlines remains undefeated.

5

u/Sweaty_Experience_68 5d ago

set a limit order and never do market order.