Greenstar Lighting, Inc. (fka GRLH)

[The Virtual Cat]

The bid price represents the highest price a MM is willing pay to buy shares---the ask price is the lowest price a MM is willing to sell shares. If the ask is .001 and you want to buy at .0009 it's simply no sale since there is no MM willing to sell to you at that price. It doesn't have anything to do with the bid since you don't want to sell, you want to buy. The bid/ask represent the MM's buy/sell prices, not ours. I'm sure there are lots of buy orders in at .0009 and below (including one of mine) but none of them are show up on L2. That's why you'll often see a bunch of trades go through when the ask drops...a MM decides to sell for a bit less and then fills all those orders that were lined up just below the ask.