InvestorsHub Logo
Followers 312
Posts 51999
Boards Moderated 15
Alias Born 08/19/2009

Re: fourkids_9pets post# 88721

Sunday, 01/16/2011 12:05:37 PM

Sunday, January 16, 2011 12:05:37 PM

Post# of 103340

doesn't it strike others how odd after all those shares
pumped thru at .0001 .. that exph isn't no bid .. and many of us
haven't had our bids filled .. and the only ones who have are
those with ETRADE accounts?


You keep accusing ETrade of being guilty of some manipulation when what you are seeing is normal and perfectly legal.

ETrade is a broker... they have floor traders at the conventional exchanges and subscriptions to the electronic exchanges. They also operate as a small internal exchange themselves matching buys and sells amongst their clients first (a.k.a. a cross trade), and forwarding the orders to the exchanges second, in order to reduce their costs.

When this huge seller dumps (investor, PIPE, or the company themselves) it is done through ETMM (formerly done though NITE).

If you use ETMM you have first crack at these shares... period.

This is 100% legal, there is no impropriety, and it is not a conspiracy. Suggesting otherwise is totally inaccurate and suggestive of a need for further research on this topic..