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Re: scmfinance post# 15734

Friday, 02/04/2011 6:04:23 PM

Friday, February 04, 2011 6:04:23 PM

Post# of 129051
Agreed...good support level.

I seen 5 mm's on .04 on Wednesday so I put up a bid at .0401 ...... today is the third day in a row that I only got partial fills on the same order.

Today only gave me 16k, although I got 22k yesterday.

Kind of frustrating because the mm's jump around to different orders. Even though I set the bid on wednesday @ .0401 and watched it come up on level two immediately, the mm's filled other orders at that price before filling mine.

Kind of gave me a shock yesterday at the opening bell when I couldn't find my bid on level 2. AUTO was holding the bid to process it and did not enter until a few minutes after the bell.

Scottrade charged me $10.29 for today's 16k --- so that worked out to $.00064 per share --- much better than buying at a higher bid.

So .... IMO, I don't see us going any lower than .04 anytime soon. I still have more shares on that same order. I'll be lucky to get them filled on Monday if there isn't a PR waiting for us at the bell.

Seems like the selling pressure is not that much.
glty

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