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Re: 91Caprice post# 17678

Thursday, 07/01/2010 2:36:21 PM

Thursday, July 01, 2010 2:36:21 PM

Post# of 155603
Agree. Stop buying at bid.

I could understand if people are buying 10M. Yes, a tick will add many shares. However, if you are just adding in, then might as well slap the ask. If you own 48M and buying an extra 1M. Obviosuly, you don't care about the extra 20k extra of share if you buy at bid. Overall picture would be 1 tick up = $4.8k vs 20k which cost $20.

Unless you have 1M or less, then 20k extra is a big deal. But remember this, keeping MMTE down will end up just killing its MOMO. You rather have your 1M at .002/3 or keep trying to get that extra few share at .0008?

shrug
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