InvestorsHub Logo
Followers 5
Posts 499
Boards Moderated 0
Alias Born 06/09/2008

Re: Quik18holes post# 19790

Monday, 08/04/2008 8:55:23 PM

Monday, August 04, 2008 8:55:23 PM

Post# of 43413
Quik, I have a question for you regarding level 2. I asked a similar question earlier before going to work and now that im back home, I see no one responded. I was hoping you could help. Earlier today I took 25000 shares of what I own and put in an ask at .036. I opened up level 2 and sure enough it showed on the ask side. That deal went through. So with that money, I put in a bid of .033 I belive. Above me was a few bids at .034 and below me there was a bid at .032. My bid did not show up on the level 2. My order was through TDA. I ended up getting my order filled later in the day after I raised it to .034. I realize it didnt make a huge difference in my shares but I was able to add a few shares without taking any more money out of my pocket. Is this the mm's playing games with me. If im not mistaken I think I was even passed over at one point without my order being filled. I was getting the impression that the shares would be gobbled up on the ask side but if you were trying to get back in later that the mm's wouldnt make it so easy. TIA for your help.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.