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Alias Born 08/07/2014

Re: None

Friday, 08/22/2014 12:54:00 PM

Friday, August 22, 2014 12:54:00 PM

Post# of 255763
MOST EVERYONE HERE IS WATCHING LEVELII QUOTES THE ENTIRE TRADING DAY....BUT I PROPOSE THAT MANY DO NOT FULLY UNDERSTAND WHAT IT SHOWS AND DOES NOT SHOW. FOR EXAMPLE, NITE IS SHOWING 91777 @.0021 BUT THATS PROBABLY ONLY 1 PERSONS ASK ( ALWAYS THE LOWEST ASKS FOR A PARTICULAR MPID ARE SHOWN ). THERE ARE PROBABLY SEVERAL MILLION NITE ASKS STILL HIDDEN AT HIGHER VALUES. SOME PEOPLE PANIC WHEN THEY SEE LARGE ASKS VANISH AT GOOD PRICES AND REPLACING THEM ARE SMALL ONES FOR MUCH LOWER AMOUNTS...AND WHEN THEY PANIC THEY SELL THEIRS CHEAPER, FEARING THAT THE WHOLE MARKET MINDSET HAS CHANGED. IN REALITY, SOMEONE ELSE HAS SIMPLY PLACED A CHEAPER TRADE THROUGH THAT ROUTE. ALWAYS THERE WILL BE AON TRADES AS WELL, AND THEY DON'T SHOW UP AT ALL! THE MOST BASIC 2 THINGS THAT FAR TOO MANY MISS AND TRADE POORLY AS RESULT. OF COURSE SOMETIMES WHAT YOU SEE IS WHAT YOU GET, BUT IT'S UNCOMMON FOR TRANSPARENCY IN BASIC LEVELII'S