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Re: phrantic post# 3672

Thursday, 05/05/2011 2:44:38 PM

Thursday, May 05, 2011 2:44:38 PM

Post# of 20680
I am feeling a little slow today so humor me.

You are talking about a sell QUEUE which is something I never heard of. And you are saying you have a sell order (or multiple orders) in for 2500 shares. You're going to sell at .101 which is the bid or are you trying to sell at Ask? Or are you putting in limit orders to sell above ask? How can you see where you are in this queue?

Not attacking you here I am genuinely curious if there is a way to see all this, because for me it has been impossible on Level 2 to tell what is a buy and what is a sell. This is because sometimes (actually often) purchase trades are executed at bid or any old bidwhack purchase that comes along is filled even if it's 9 cents below published Ask. Those helping the market maker here occasionally get their sell orders filled at Ask.

If you are trying to sell that's fine I just hope NITE gives you a good price for them. It seems like you have been here awhile and if you really want to get out I hope you can do so without a loss.

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