What are the chances Iweb trade completed?

coyrls

BrockStoker wrote: »

Thanks for the info. I guess then it's best to not set a limit, but then you aren't guaranteed the price you want.



I guess I will need to think more about my buying strategy!

If you trade when the market is open, you will see the price you will have to pay and have the option of not taking it.

Thrugelmir

coyrls wrote: »

If you trade when the market is open, you will see the price you will have to pay and have the option of not taking it.

Limit order is usefull if you wish to buy on a temporary dip. I often have buy orders open for up to a month. Surprising how much share prices do move around.

jamei305

Thrugelmir wrote: »

Limit order is usefull if you wish to buy on a temporary dip. I often have buy orders open for up to a month. Surprising how much share prices do move around.

It's also a useful method of throwing away money while you're off enjoying yourself by buying shares in companies as they collapse. Not all dips are temporary e.g. Carillion.

Thrugelmir

jamei305 wrote: »

It's also a useful method of throwing away money while you're off enjoying yourself by buying shares in companies as they collapse. Not all dips are temporary e.g. Carillion.

That depends on how much time you invest into ones own stock selection. Helps also if you have an understanding of how market makers work. They too follow and react to RNS announcements, newspaper tips etc as well as tracking market activity. Quiet periods of news tend to see share prices drift.

PS. Carillion was never on my radar as never fitted my personal criteria for addition to my individual long term hold share portfolio.

Sailtheworld

coyrls wrote: »

If you set a limit order, you are in a queue behind all the market orders.

It's a good way to invoke sod's law in my experience. If the market's going up you'll be at the back of the queue. If it's going down you'll be right at the front... and vice versa if you're trying to sell.

Thrugelmir

Appears that Q3 numbers were released on Friday. Initial reaction was to trade the shares down 8% despite being above investors expectations. After digestion and consideration of the finer detail the share price appears to be recovering.

capital0ne

BrockStoker wrote: »

Unfortunately, later on I tried to log in to Iweb again, and could not remember all my security details.

My immediate thought is maybe investing online isn't for you, and second thought was why not just look the share price up - you don't need to logon to your account to know if you actually bought any.

bowlhead99

capital0ne wrote: »

why not just look the share price up - you don't need to logon to your account to know if you actually bought any.

Though we've all told him that he missed out, 'looking the share price up' - especially if an opening or closing price - doesn't tell you whether you bought any - your contract note or online account tells you whether you bought any.

As it happens, if you looked the share price up on Nasdaq you would see that the low price of yesterday was $291.48. So you wouldn't have been able to buy with a limit price of $290.65.

However, if your order price had been $295.00, 'look the share price up' would have been useless to know if you bought any, because you don't know how many of the 2 million shares changing hands were transacted at a price at which your order could have potentially executed.

BrockStoker

coyrls wrote: »

If you trade when the market is open, you will see the price you will have to pay and have the option of not taking it.

I was aware of this, however, my internet connection is prone to disconnecting (just when I need it usually), so I thought it would make sense to "book" a buy order.

BrockStoker

Thrugelmir wrote: »

Appears that Q3 numbers were released on Friday. Initial reaction was to trade the shares down 8% despite being above investors expectations. After digestion and consideration of the finer detail the share price appears to be recovering.

It is a solid company in a sector that has high barriers to entry, although there are competitors, but I think Illumina is far enough ahead and in a good enough position that it's not a worry at this time.



As usual, initial market reaction was overdone, and it was a good opportunity, but I really missed the boat by not paying attention on Friday.