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Live42Day

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Live42Day

Re: PianoMan75 post# 18255

Tuesday, 05/10/2011 9:40:19 AM

Tuesday, May 10, 2011 9:40:19 AM

Post# of 52575
Most likely whoever placed the 455,000 buy order put it in as a "market" order. The MM's took advantage of the fact that it was a market order and raised the ask to .02, filled the order and dropped the ask.

Never place a market order (especially when trading pinks/OTCBB's). Always do a limit.

With market orders, you are at the mercy of the MM's and down here in stinky/pinky land where the MM's make their $ on the spread, they will have no problem raking you over the coals.
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