Quote:
Originally Posted by 68Cuda
I "almost" always do limit orders. What the poster was referring to was the fact that it seems that the automatic reinvestment of dividends was done at various price points depending on the broker. What I was trying to get across was that the execution of the purchase was of different lots at slightly different times and it was likely random chance on the resulting price more than anything.
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EXACTLY.
The market is a PER TRANSACTION place. If one broker re-invests the dividend 2/100 ths of a second later or earlier than the "other guy" -- then his price will be different most likely.