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Monday, March 14, 2011 11:56:11 PM
just want to know how someone could be passed up bidding 7's and a sell at 6 goes off.
And now I think I understand your problem, you are confusing buys with sells.
The bid at .0007 that you were talking about was a BUY. The guy stated he was trying to BUY shares at .0007 and .0006...
Ok still with me?
When the bid was at .0007, someone SOLD almost 5 million shares and it droped the bid to .0006 where someone sold 5 million shares at that price. The ASK (the level you had to buy at today) was still at .0008....
You keep saying "why did they pass him up". That guy never got "passed up", for him to get "passed up" the ASK would have to had dropped to .0007 or .0006 with out filling him before going back up. The ASK NEVER dropped below .0008 today at all....
Get it? Again, I really think you need to do more reading into BID/ASK and Buys/Selling... The only way for the guy you were talking about to get filled today was for the ASK to drop to his bid price, which was .0007 and .0006, since it never did that none of his shares for filled. So if he wanted shares, he would have had to buy them at the ASK which was at .0008 and .0009 today...
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