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Re: MYTQUINN post# 7412

Tuesday, 11/25/2008 6:37:38 PM

Tuesday, November 25, 2008 6:37:38 PM

Post# of 83074
MYT, One thing to keep in mind here in pinky land; it is supposedly different here than the big boards because the MMs don't have to show any bids or asks that they don't want too. I saw that happen on the big boards too, but here it happens all of the time. Manipulation, plane and simple.
I bought some sgcp last week, and my orders were placed at just a bit above the ask. That's an easy way to guarantee you have the best chance of getting whatever shares are traded. Each order took well over an hour to fill, and filled at a lower price than the ask. I didn't pay what I bid for either share, but I paid more than the listed bid. And the streamer bid and ask prices never changed to reflect my order, or it being filled. You figure that out. I ended up calling ST to see why my bid wasn't being shown, and the orders not filling. IMO the MMs wanted to lower the price to accumulate, and weren't going to let my buy efforts mess up their plans. I don't know if that call had anything to do with my getting filled or not, or the prices I paid. Point is, just don't get the idea that trading here will work the same way all the time, or as it appears on the streamers. If the MMs have an agenda, your order might get filled, and might not, or might fill, but never show up on the streamer. I didn't have L2 up, so don't know if it showed up there. GLTY LC