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Re: manibiotech post# 690407

Friday, 05/10/2024 4:37:37 PM

Friday, May 10, 2024 4:37:37 PM

Post# of 693535
You're right, and we did close down $.005 in spite of what's supposed to be a real time quote on CNBC that said otherwise at the close, and even a few minutes later. It seems as though the MM's are only to happy to fill tiny orders on the down side right at the close. Perhaps we should organize to purchase tiny amounts of shares on the upside at the close. I suspect even with such a tactic the MM's can decide what's their last transaction of the day, so even a plan to buy at the close won't succeed.

Frankly I now have an even 400K share position, it makes what I make, or lose on a given day something that I can almost instantaneously know. I'd rather not add odd lots of shares. I would like to suggest something to investors wanting to add substantial shares, if they have accounts in brokers like Fidelity, who doesn't charge commissions. Let's say you want 10K shares. Order 9,900 during the day and a 100 share order placed as a buy at the close at a price that's a tenth or so above the ask. The added cost should be insignificant, and you may help to prevent the MM's playing games.

Just a thought, I really don't know if we can fight fire with fire, but it may be worth a try.

Gary
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