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Re: jsthefacts post# 25193

Sunday, 10/17/2010 3:26:49 AM

Sunday, October 17, 2010 3:26:49 AM

Post# of 39254
I've had this problem many times and had the same strange conversations w brokers,recognizing they were either ignorant or pulling my leg. On a several cent stock,I've many times seen large orders(over 100k shares) fill at .001,totally bypassing the bids.
This often seems to happen on a stock where the company has made a breakthrough that isn't widely known yet,so big boys w brokers in their pockets? or mm's etc come in to buy,expecting the stock to appreciate shortly.

One of the brokers explanations was that a firm may have sold shares internally to buyer in house but that doesn't explain why any seller would sell for up to 100 times below posted bids,so I gave up talking to the brokers about this-they didn't care and it was like talking to quicksand.