MediaG3 (MDGC)

[frdmlover]

MM's can see stops?

Ok, I must beincredibly ignorant then...If I put in a a stop order with my broker that is .20 below the current pps, you are telling me MM's can see that and can drag the pps down to snag those shares?

It is my understanding that brokers don't submit orders until the order is playable. Meaning if I want to buy at .02 or sell at .006 my orders are not submitted to MM's until the pps hits that price, which is the trigger and places my order in a queue.

I wish I knew for sure but I cannot call my broker until Monday.
I truly hope you all are wrong. Because if not, then the stock marker is just willy nilly and MM's can do anything they want including dragging a $4 stock down to .0001 to grab up those cheap shares because they see a stop order waiting? That is absurd and I don't believe it for a minute.

Sucks to see this nose dive, but on the lighter side my money won't be available until tomorrow...might be able to buy some 6's by then.

GLTA - Frdm