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Re: afewbux post# 29949

Friday, 02/05/2010 5:59:07 PM

Friday, February 05, 2010 5:59:07 PM

Post# of 34794
The small lots traded is not Humphries buying shares as implied by some of the posters liberally assuming as such, but they are parts of larger trades. Sometimes it’s the buyers lots are larger then the lot up next for sale at the ask price, some buys are broke-up in lots below 10,000,000 (999,999 x 10 + 10share lot to complete 10M buy.

An unsophisticated investor attempting to purchase
5,000 shares of your firm’s stock may receive what
is referred to as an automatic execution or a partial fill
of a larger limit-price day order for 100 or 200 shares.5
Here, for example, is one message:
OT: I can’t believe that someone bought $2 worth of
stock (100 shares) and paid a minimum $8 dollar (sic)
commission.6
This unsophisticated investor failed to understand
that an automatic execution caused the transaction for
100 shares of a stock selling at two cents per share. This
was a partial fill from a larger order but was misinterpreted
as a completed trade. These transactions are
often blamed on MMM but result only from a buyer’s
failure to place an all-or-none order.

http://www.imanet.org/pdf/1832.pdf (Stock Chat Message board)