Any investing I had ever had done is on Robinhood or TD Ameritrade, however I had some stock my parents bought for me when I was a kid that I decided to sell. I talked to a guy over the phone yesterday evening and I faxed in the completed sale order sheet last night around 8. It definitely went through as I got a confirmation page. My intention is to liquidate the account and close it. The stock has hovered around the same price for years, the dividends aren’t great and the savings/CD yields are great these days. I have no idea about processing of paper sale orders but I have to imagine it’s not right away. I hope the fax would’ve been the first thing someone sees when they walk in the office. And I’m not sure when exactly the sale price gets locked in when a sale happens or how this will impact what I’m set to receive.
Could my sale have impacted the stock that much? I seriously doubt it as it was only a thousand shares or so. It’s not a top flight company but a mid range one. Hovered around $35-$45 per share for a long long time. Never been high or lower since I started paying attention. But now I feel like I’ve lost significant money over just a few hours. I am a very novice trader when it comes to this stuff so I am looking for knowledge, advice, hard truth, whatever. They didn’t send any Confirmation or anything and they have my number and email. Just preparing to receive a little less than I had anticipated hope I’m wrong though.
For clarification the stock is $WBS. I had around 700 shares with Provident Bank, who was bought out by Sterling, who was bought out by Webster. I’m not even sure how that works but someone I talked to asked if I maybe I really have 2800 shares now. I don’t think so but I do not know for sure. I don’t trust stocks with banks for whatever reason. Any knowledge, criticism or comments is greatly appreciated!
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