The problem is that these 100 share "paints" occur on both the bid and the ask. It's hard to recoup fees if the broker/mm is buying stock.
These are actual trades that the retail discount broker client gets assessed commission on.
Here we have a case where someone can offer GTC 100K shares of a stinky stock at .0003, and get 1 single fill during the day for 100 shares. Sometimes they'll get multiple 100 fills a day (I got 800 shares on a 2mm share order over a few days, lol) If they're lucky, the rest might fill that day. If they're unlucky, they'll get hit for another sale of only 100 shares the following day.
This happens across 100 stocks per day x multiple times each.
One can check out the tape for DNAD, ADCS, MELY (to name a few) over the past few days/weeks.
Unless there is some clown with unlimited trades messing with me on every stock I look at, something else is up, lol.
