Skip to main content
No. of Recommendations: 0
I had entered a buy stop limit order for BEAV (B E Aerospace) at 8.80 stop 8.90 limit with my broker (Schwab). As I understood how this should work, when the stock traded at 8.80 or above, my order would be activated and I would buy the stock as long as the actual trade price was below 8.90.

This morning, I found that my order had executed at $8.00, which is not at all what I intended. I called my broker and was informed that the stop was triggered when the asking price reached higher than 8.80. The high trade for the day is still only 8.00. Typically, the volume on this stock is around 2 million shares, so I doubt that the best asking price for the stock could have been off by 10%. Could someone please explain to me what happened here? How do I verify the asking price, etc.? In other words, is my broker blowing smoke here and, if so, how do I verify this trade?
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.