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Wednesday, 08/06/2014 10:44:57 AM

Wednesday, August 06, 2014 10:44:57 AM

Post# of 106844
Nice ELEVEN percent spread this AM on about a $500 buy order. Holy cow- do these MM's have no shame taking some poor amateur to the cleaners?

Do they allow a market order on a penny stock at E-trade or whatever? I've never used a market order so don't know? Someone prior had mentioned that their broker only allowed limit orders on a penny? Man, who's willing to pay 11% spread just to get a fill on a $500 order? Really that desperate to get it filled? Just wait IMO, and it would fill much lower than that, either later today or tomorrow or whatever? Why pay someone 11% for a few bucks worth of shares?