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I've often wondered what would happen if someone put in a market order and the only matching order was way beyond current market prices.

It is my understanding that the order would execute. That's why the more illiquid the stock, the better off one is using a limit order. For the few HG's I've purchased (the smaller ones), I've always used a limit order, even if that limit order is at or very near the ask price. I'm not necessarily looking for a 'bargain', just making sure I pay what I think I'm going to pay. By contrast, when I bought Hasbro, I just went ahead and used a market order - small bid/ask spread and a lot of liquidity - I might pay a penny more or less if the ask price moves around on me, but a penny per share I'm more than willing to accept.



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