RE: Worst Issue of the year?If buying through BMO or RBC brokers, be careful placing market orders. They will sell shares from their inventory at a higher market price than the actual market. What I mean is that when you place the order, if the share price has dropped, they will transfer funds at market price at time order was placed rather than actual market. Shares are transferred to your account outside the exchange. I had this happen a couple times some years ago. I now rarely ever place a market order. Always limit orders based on what Level 2 shows.
Expect lots of games until the flood of shares gets absorbed and sloshing around in the market subsides.
1northumberland wrote: Banks hate holding this extra stock.
They'll just take the hit, rather than keep inventory.
I expect when oil has a couple of up days, they will reprice the remaining stock around $8.50 to $9.00.
Just be patient. We are in the the drivers seat.
imo