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Microcap Bid/Ask


Junto
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Hi All,

 

I ran into an issue on a microcap/OTC stock that I have been accumulating a position in. There is a ask for 2 shares out on the stock for 3 times the last trading price. Fidelity will only let me bid 50% of the amount of the ask price. More or less stopping me from continuing to add to my orders. Anyone found a work around?

 

Thanks!

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I suppose you could try creating an ask of your own that would facilitate the bid you want to place.  Otherwise, beyond using a different broker the solution is probably all too familiar when it comes to illiquid microcap accumulation: wait patiently.

 

Hi All,

 

I ran into an issue on a microcap/OTC stock that I have been accumulating a position in. There is a ask for 2 shares out on the stock for 3 times the last trading price. Fidelity will only let me bid 50% of the amount of the ask price. More or less stopping me from continuing to add to my orders. Anyone found a work around?

 

Thanks!

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