Andy, you are right. I don't blame SCHB, or any other MM. They only follow our orders. It will break alright, but only after the peanuts lovers (those that are only looking for a double) check out their pennies, and leave.
I remember the samer thing with QBID. It took it a while to break the 0.0002 wall, and then it moved fast to over 0.02. Got to admit I was among the one of those people that freaked out, and exited at 0.012 (120 MOMO), only to see it more than double shortly thereafter. Not with this one. I'll go for everything, or nothing (which is not much to lose at this entry level). The risk IMO is minimal, and the reward potential is very large.
Mike
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"don't blame SCHB. Lately I noticed with OTC/pink stocks SCHB has been showing orders same as ECN!!!! I think since they are leaving the MM business and they don't trade the spread anymore and represent the order at the price its at. Say if I put a order .0511 for some stock SCHB will come up to .0511 on level II. Which basically means that the SCHB asks .0002 are just .0002 sells some big investors got out. All the other MMs with .0002 sells are asking .0003 because they want to get a buy at .0003 before they fill the sell @ .0002."
