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Re: rj2 post# 17609

Wednesday, 10/17/2007 6:17:35 PM

Wednesday, October 17, 2007 6:17:35 PM

Post# of 53980
RJ,

First off, don't be so sure you would get filled at the ask. JMO. But since it's only an order for 100K, you probably would.

Secondly, you have no business expecting any shares at the bid, unless you are using ARCA as an ECN, and even then I have no idea what the dynamics of such trading strategies are. The bid is for MMs, they can drop their bid below your order posted at the bid, but not drop the ask. I never saw the ask below 1.1 cents today, I did see the bid at .077. MMs, in theory, buy at the bid and sell at the ask. Not a difficult concept...and this is the second time I am explaining it to you.

Not trying to be a jerk but unless someone would like to point out why I am in the err, please don't post anymore about how it's strange you did not get filled at the bid. I doubt many of us here have much if any expereince in doing so, or, in even trying. It would be a bad omen if they filled your order at the bid. JMHO.

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