InvestorsHub Logo
Followers 0
Posts 176
Boards Moderated 0
Alias Born 05/25/2007

Re: foxmeadows1 post# 19800

Monday, 11/08/2010 7:26:51 PM

Monday, November 08, 2010 7:26:51 PM

Post# of 34405
Those 250 shares traded away from the house you placed your order at or you would have gotten them. It is likely the transaction did not take place in the system that had your order. If you have a burning desire to find out, you can call the trade desk at the firm you used and they can run the equivalent of a time & sales and tell you where the shares traded. I will bet the order was placed in another system and they elected to take in the shares themselves, as would I with a .06 cent spread. He probably wishes they hold sold him more.

You were .03 above the best MM bid. Your going down either triggered a 'sell' on someone's books or someone sold the 250 at another house. No one screwed you. Odds are your firm never saw the shares so they couldnt possibly deliver them. There are no tactics involved, but if you have never sat on an OTC trade desk you will not understand much of what you are seeing on your screen. I suspect that is what is happening here.

Good luck on your remaining fill. If you dont bring the order back to 5000 shares it will never show through and the world wont know you a bid exists there (except perhaps for the house you are using). You could see several prints below your $.31 limit and it doesnt mean you are being taken advancage of. Many firms make a market in POWN stock. All it that means is the transactions occurred away from your firm and they elected to honor the inside market and keep the stock in house because it fit their order flow (they may be working an order or they saw the stock as a good buy for their own trading account). To assert that something is going on here will need some proof. And I would bet nothing happened out of the ordinary today. I watched the level 2 all boring day and there isnt any funny business here. This stock is clean. Not even any shady MM gyrations or posturing away from the inside market. There arent any crooks, thieves or robber barrons trading this stock, not that I could see. There's not even a short position. I believe you are barking up the wrong tree. Good luck acquiring the rest of your piece.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.