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Re: boca_bobby post# 37131

Thursday, 11/08/2007 8:59:02 PM

Thursday, November 08, 2007 8:59:02 PM

Post# of 90287
Boca

That level 2 post today 11/08 at 09:40:24 was my buy, 170000 at .006. I got anxious by buying out of the gates at the Ask first thing this morning. In the past three days I tried buying in at .004, .0045 and .005 to no avail. I finally got tired of trying to buy below the Ask and gave up thus my order got filled finally. What I don't understand is that two orders at .0055 got filled before me and the next 17 orders after mine were filled at .005 while most of the day the Ask was at .006.

Yesterday I had an order in for 205000 at .005 which didn't get filled all day while the Ask remained at .006 until near the end of the day when it dropped to .0055 and my .005 order still didn't get filled. I guess it just wasn't my day! Im a newbie trying to understand the MM's logic! -Going back to today's Level 2, Immediately after my 170000 at .006 was posted a post of 170000 at .005 was posted at the exact time. What was that? Looks like my buy was flipped!

MRKCO