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What stock was it? When did you put the order in? Were the markets open when you placed the order? I ask because you mentioned the stock closing at $150. After hours trading can yield some high bid/ask spreads and unpredictable stock price movements.

If the markets were in fact closed then I definitely would not recommend putting in a market order for anything, and instead wait for when markets open the next day. If you did want to put an order in when markets were closed for some reason, you should use a limit order. Do you know about the difference between market and limit orders?

What broker do you use? What are the commissions charged for a stock transaction?

What service did you join?

I realize I asked more questions than I answered but you didn't provide quite enough information to narrow down the problem.


Mike
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