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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Re: Bond Sreads & a Marconi Warning Date: 8/19/2001 11:35 AM
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I have seen this sort of thing happen even with listed preferred stocks traded on major exchanges. One suspects "bucket trading" when the price goes up sharply for your order and then declines to its previously posted market value.

In thinly traded stocks, its a common problem. Its a good reason never to place a market order for a thinly traded stock--especially a preferred stock.
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