Tuesday, February 21, 2006

Scottrade Restricts Limit Orders

Scottrade will not allow limit buy order of CGEN at 3.38. It traded as low as 3.88 today. Here is the screen:

Stock Order Entry Help on this page Help
COMPUGEN LTD
Price *Change *% Change Bid Ask B/A Size Open
4.07 0.04 0.99% 4.08 4.18 10x1 3.98
* Calculations (Change and % Change) based on previous day's close
Buy/Sell: Calculator
No. of shares: All Or None
Symbol: Find Symbol
Order Type:
Unable to enter the order because the limit price entered is too far away from the market price for stocks under $10.
Limit Price: $ 3.38
Stop Price: $
Trailing Stop Amount:
Trail Type:
Duration:

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