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Re: AccipiterQ post# 33849

Thursday, 11/01/2007 11:25:54 AM

Thursday, November 01, 2007 11:25:54 AM

Post# of 107353
No Surprise. Like I reported this week, shares are scarce. They would take 3-5 minutes to fill my friend's orders on the Ask. In cases where you think you are trying to get low inventory I sometimes will out of necessity put the order in at the second Ask price above the inside price. So if the Ask shows 1.93, then 1.95, I might put my order in at 1.95. That way if the one at 1.93 has an inventory you'll get it all at 1.93, but if they just give you a partial and move up the Ask, then you're first in line for the next Ask price and will complete your fill usually. This is different than chasing the Ask. It is more a matter of pre-empting other accumulators as is sometimes necessary on a stock like this.