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Re: olandug post# 8879

Friday, 09/11/2009 11:49:21 AM

Friday, September 11, 2009 11:49:21 AM

Post# of 36407
Remember, when you look at L2, it doesn't always tell the whole story. Once .006 is taken out you will no doubt see .0061 or .0062 move in place as the next ask price. And I'm sure it will trade .0064 x .0065 and .0065 x .0066 and so on. It rarely will be as thin as people suspect when they look at the orders above or below. Either they're not 'visible' to the public (MM's 'hide' orders) and/or new orders will come in at 'all' the prices ALL the way up to the next ask (.007) that you see on L2 now.

There isn't really any benefit of posting L2 numbers 'outside' the current bid/ask & {bid/ask size, which we will never really know on pinky's.}

Just my thoughts...(.02 cents) hint hint!!

GL

E

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