Tuesday, August 12, 2003 2:22:55 PM
After watching the last few days trades, or lack thereof, I tried something today ....
SCHB was on the bid 5K at .24 for the last 2 days while DOMS was on the ask at .245.
This morning just as the market opened, I placed a 2K (a little teaser) sell order at .24 ...... at one time I was the only order out there.
I let it sit for 4 hours, thinking that SCHB (notorious for their partial fills) would take a few here and a few there.
Noooooooo .... one phantom 2500 share trade went thru, then a while later another phantom 2500 shares, then POOF SCHB off the .24 bid and now asking .25 and the bid drops to .20 (which was the next in line).
I wonder how many of those .26 buys were real, since the .24 sells weren't, IMHO
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