Would I get in trouble for this?

C

cashmoney69

I dont have much money in my account, but if I placed a limit order for a stock.. say JNJ, for 250,000 shares @ 25.50 ( .75 above the market), then canceled my order, then did it a few more times.. would I get investigated or something for screwing with everyone?..Dont large orders like that get viewed by traders on the floor?
 
Quote from cashmoney69:

I dont have much money in my account, but if I placed a limit order for a stock.. say JNJ, for 250,000 shares @ 25.50 ( .75 above the market), then canceled my order, then did it a few more times.. would I get investigated or something for screwing with everyone?..Dont large orders like that get viewed by traders on the floor?
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Why dont you just buy a jigsaw puzzle with your $15 and you wont be a bother to anybody cos you'll be to busy with the puzzle.:)
 
Actually, even if you had the money to buy the shares and your order was executed, it would not alter the stock price for very long. You would just get a bad fill, and then the stock would go back to what it was doing before.
 
Quote from wee man:

Why dont you just buy a jigsaw puzzle with your $15 and you wont be a bother to anybody cos you'll be to busy with the puzzle.:)
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I'll need that $15 for my commission :) , but thanks anyway.
 
Quote from silk:

Actually, even if you had the money to buy the shares and your order was executed, it would not alter the stock price for very long. You would just get a bad fill, and then the stock would go back to what it was doing before.
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Could you explain why that would be the case? Is it because other people's orders would still be entered around the original trading price, and the one huge order just wouldn't have any effect on the orders that already existed?

Sorry if that sounds confusing ..
 
what a bunch of rubbish

you can't get a "bad fill" if you put a LIMIT order in.

if the guy made a AON order vs. a standard limit order, that would make a difference as to whether it GOT filled, but the price on a limit order CANNOT be higher than the limit price (for a bid), so that statement was nonsensical.

btw, JNJ is a great "portfolio" stock.

it is one that i have been keen on
 
Quote from whitster:

what a bunch of rubbish

you can't get a "bad fill" if you put a LIMIT order in.

if the guy made a AON order vs. a standard limit order, that would make a difference as to whether it GOT filled, but the price on a limit order CANNOT be higher than the limit price (for a bid), so that statement was nonsensical.
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That's what I was thinking when I read that ... thanks for the clarification though. I was thoroughly confused :confused:
 
Silly boy, you dont have enough monies to even place said order in to begin with. You need focus on making good trades and not being a trickster

-Harry


Quote from cashmoney69:

I dont have much money in my account, but if I placed a limit order for a stock.. say JNJ, for 250,000 shares @ 25.50 ( .75 above the market), then canceled my order, then did it a few more times.. would I get investigated or something for screwing with everyone?..Dont large orders like that get viewed by traders on the floor?
More...
 
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