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Re: NewJerichoMan post# 75612

Wednesday, 10/29/2014 6:38:00 PM

Wednesday, October 29, 2014 6:38:00 PM

Post# of 163719
NJM, if I was going to paint the tape like today, I would place a limit order with just a few minutes of trading time left in the day to buy 100,000 shares (or less) at a limit price of something like $.99 without any qualifiers like all or nothing. An order like that would vacuum up all the shares listed on the Ask list up to the amount specified. Only a computer would be able to withdraw any phantom Ask quotes in time to avoid being caught up in the deal. I might not get the total of the order before trading for the day ended, buy a lot of it would get a fill.
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