Thanks for the feedback. I guess I an too analytical at times, but here's my problem.
I use multiple brokers.
The one that I normally use for penny stocks like EVCARCO, is on line and will let me place a limit order up to 4 digits, such as .0157
The one I use primarily for big ticket stocks is on line and will only let me place a bid in the 2 digit range, such as .01 or .02
Then I have a personal broker that I use for really long term stocks. With them, I have to call him on the phone and tell him how many shares and at what price per share I want. That means, if he is late getting into the office or out for lunch, I have to wait until he is available to place an order. Also, they will NOT deal with any stocks below $1
Now, I normally use broker #1 when buying EVCA stock and ALWAYS place my limit at the ask.
Since my other stocks through that broker are tied up, I used broker #2 today. I placed my order to buy EVCA at .02 and when the order went through at the ask. ( I placed multiple orders, so I will have to check to see the exact price I paid, but it ONE order was at .016 or .017 and the other ones were lower.
Being a realist, I KNOW I am not the only retail person buying stock through a broker that does not let you place an order at a fraction of a penny, sooooo assuming there are others that either place an order at market value OR in full penny's, and we all know the MM's can SEE the size and amount of these orders, it makes sense for them to RAISE the ask in order to make more money instead of lowering it.
That takes me right back to trying to analyze their motives and figure out WHAT they gain by LOWERING the ask on EVCA and closing the spread, especially on the smaller retail orders as opposed to larger blocks of wholesale orders coming through.
Just my thoughts
