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Re: Greener post# 8332

Friday, 03/12/2010 1:21:33 PM

Friday, March 12, 2010 1:21:33 PM

Post# of 85932
I posted so you guys could pass it on. Don't even know who or what KOL is.

I did place my first order for MVTG shares today at .14. Took my first nibble here, but my order has not filled yet.

I did learn something fascinating today that you might find equally interesting.

I just don't trust those MM specialist posted bid and ask numbers any more. I was online with Fidelity about an order I placed yesterday that was passed up as the price dropped 10% below my offer today on another penny stock! What a shocker that was!

Fidelity tells me that all or none conditional orders do not even show up on level 1 or 2 bid and ask quotes. Market orders are filed immediately and never show on Level 2, and stop loss or trailing stop loss orders do not show up either. So a sell order or a buy order, that is all or non, or that is triggered to buy or sell when the Dow hits 12,000 do not show up either. I got some real insight from that conversation today!

So there could be lots of limit orders that are conditional buy and sell orders that we never see all day!