My first guess is they don't have your shares. Your shares were shorted and in order for you to sell they would have to buy at a higher price than they wanted to buy at.
I am sure not just you but hundreds if not thousands of others.
It does look like the price is moving back up again.
From what I have heard from people in the business. If they have shares on hand and they can make money lending those shares they will lend those shares.
These brokers make no money on the trades. They make their money using your shares. That's why there are so many brokers offering free trades.
Bottom line, it there is something that would block their ability to make money from your shares they would not offer it to you in the first place.
An example in your case would be they would not allow you to put a sell order a certain % above current price. That would block you from doing what you did.
The fact that they allow you to put that order in tells me it means nothing to them.
You need to call E-trade.
My first guess is they don't have your shares. Your shares were shorted and in order for you to sell they would have to buy at a higher price than they wanted to buy at. I am sure not just you but hundreds if not thousands of others.
It does look like the price is moving back up again.
From what I have heard from people in the business. If they have shares on hand and they can make money lending those shares they will lend those shares.
These brokers make no money on the trades. They make their money using your shares. That's why there are so many brokers offering free trades.
Bottom line, it there is something that would block their ability to make money from your shares they would not offer it to you in the first place.
An example in your case would be they would not allow you to put a sell order a certain % above current price. That would block you from doing what you did. The fact that they allow you to put that order in tells me it means nothing to them.
I DRS a week after the split,it took 5 business days,at e-trade.
I just called and asked for a representative. Took 5 minutes tops,no fees. That's the 3rd time I did it,with no problems.
They can do whatever they want with your iou shares. Your sell order doesn't stop anything.
In early days that theory was floating around, but has since been proven false.
Setting that sell order is just unnecessary risk. Imagine if your shares got automatically sold for $420