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Re: WolfRiver post# 32317

Monday, 04/16/2007 10:13:44 AM

Monday, April 16, 2007 10:13:44 AM

Post# of 143047
you just sold @ .0010, or you noticed that someone just sold @ .0010?

I've noticed the dips tend to be coming in on, what would appear to be, Market Orders - I hope no one in PK world is using Market Orders, but MM's are not required to fill your order in a timely manner or @ the latest bid price. In essence, if you place a Market order, you are giving them free reign to fill you're order when they want to, at almost any price that they want to. While, in most cases, they are not working in your best interest, but will still fill it in a timely manner and @ a reasonable price. During a short squeeze, however, a market order is asking for trouble as MM's cover. Just a word of advice, if you place a Market Order today (btw, TDA won't even let you Market Order Pk stocks), then you're probably getting screwed.

Remember the Widows and Orphans.