I have found that most people who trade small cap stocks do not know rules and regulations. And when something looks unexplainable they throw blame at the market makers. Not that that is what is taking place here, just an observation after reading many posts.
For pink sheet stocks trading below $.51 cents, the stated minimum size is automatically 5,000 shares. If your $.32 cent bid was good for 10,000 shares and it got hit for 7,200 shares your remaining 2,800 unfilled shares are still open at that price. But they wont show through any longer since the unfilled portion is less than 5,000 shares. The next best MM bid below your 10,000 share buy order was at $. 28 cents -- you were $.04 cents better than any other MM was bidding. So when your remaining buy order became good for less than 5,000 shares, .28 bid is what people see. If you bought 515 shares at $.29 cents while you had a $.32 cent order for 2,800 shares not showing through then consider your .29 cent stock a gift. I cannot determine their origin.
You did not mention what brokerage firm you placed your order at so I cannot tell if your order was done as principal or agency. I dont know who was bidding on your behalf. Was your 10,000 share order complete at day's end? If not, the order was left on someone's books and is still live if you placed it GTC. If it was a day order you will have to re-enter it tomorrow. There is no pre-market trading on pinks sheet or BB stocks so placing any kind of order before the opening or after the close is telecasting your hand and intent to wherever the order is routed to if its an agency order. Always trade small caps with day orders only and re-enter unfilled portions after the opening the next day. Never give MMs any insight into your trading strategy by showing them your hand. Overnight orders do just that. Good luck trading.
