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Re: clawmann post# 204204

Tuesday, 12/29/2009 8:34:22 PM

Tuesday, December 29, 2009 8:34:22 PM

Post# of 326383
There is no way a 5000 share trade at a full penny over the last trade can be a "Fat Finger trade" it is impossible. Go put in an order for 5000 shares at .02 limit when it is trading at .01. The most you would pay would be .012 because there are plenty of sells that would trigger before it hit .02. Now if that buy was for 10 million shares unintentionally set at .02, I could see it happening (after taking out everything before .02) but that was some signal by the MM's. The question is what did it mean.


Edit: The only way it would be possible is if there were no sell orders between .01 and .02 but that is impossible. Anyone with level 2 can confirm that it jumped thru plenty of sell orders to execute that .02 trade.