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Re: hestheman post# 198

Tuesday, 01/27/2009 11:07:32 AM

Tuesday, January 27, 2009 11:07:32 AM

Post# of 662
I am not sure what is going on here? Some days I can buy online as there is a buy and sell quote. Today LHHMQ has a bid and no ask, and to buy Scottrade will charge $27.00. I bought my shares in December and there was a bid/ask & a $7.00 trade.
The same seems to be true with some of the other LEH's.
So I only will place an order if I see a bid and an ask now as I have 4 different trusts I am buying.
I do have a sell order in now for LHHMQ for 5000 shares and is still isn't posted. Scottrade charges more as they have to contact the selling MM for a quote.
I think the MM's are just posting a bid to make it look like no one wants to sell. SEEMS VERY DISHONEST!!!!!
But I really don't understand this either?

L M Ask O

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