InvestorsHub Logo
Followers 4
Posts 232
Boards Moderated 0
Alias Born 05/21/2013

Re: Tmyz post# 16870

Friday, 10/17/2014 11:22:20 AM

Friday, October 17, 2014 11:22:20 AM

Post# of 84325
Remember Level 2 & Level 3 are poker games. The traders at the market makers don't necessarily show their whole hand. I used to work on Wall Street and saw OTC trading in action. Just because VFIN is at 14 doesn't mean the trader is trying to sell at 14. He could have a million shares to go but waits for opportunities. Market makers will jump in when they are ready. There could be millions of shares waiting to sell and it isn't showing on Level 2. Also when you think you are taking out the offer at .03 it could be filled by a different trading house. So the original .03 on Level 2 was never touched. Your broker could have directed your order to the house they use for fills.


I tried to see if the 25k was real at 03. Sad to say it appears there's more than 25 k available.

Good news is vfin at 14 and vndm at 0549.