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This question pertains to ING or Sharebuilder.



Why was my buy limit order not executed, when the buy price was reached?


I placed a limit order for JNJ to buy at $61 per share. THe low price for the day was $61,
yet the shares were not purchased. I called cust service, and they game me some lame excuse
about the spread between the bid and ask price. I am wondering if it had something to do
with the fact that I asked to buy an odd number of shares (114) in a "all or none" transaction.
Or maybe I was at the end of the buy-queue, and there weren't enough sellers willing to sell at $61?
Or maybe other "high volume traders" got some preferential treatment, and they were put into the buy-queue ahead of me?



A related question: when yahoo finance or google finance says the lowest price for the day was $61 per share for a stock,
this is the lowest price that the buy-and-sell price was met, right?



Finally, one more question: Say that my buy limit order at $61/share is placed. Now suppose that I discover
that the lowest price for that stock was BELOW $61. Will this absolutely guarantee that my order will have been executed?


And furthermore, say the lowest price for a day was $60.75. Will ING buy the stock at 60.75, but charge me $61,
and reap a .25 per share profit? (assuming that the lowest sale price drops from $61.05 to $60.75 instantaneously,
and never touched the actual $61 buy limit order price.)





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